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Mathematics, 12.03.2021 15:00 kaliyab191
Hotels, like airline, often overbook, counting on the fact that some people with reservations will cancel at the last minute. A certain hotel chain finds 20% of the reservations will be canceled, so not be used. Let the Binomial random variable X be the number of reservations canceled. If four reservations are made, what is the chance that fewer than two will cancel
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