Find the exact value, A popular resort hotel has 300 rooms

Find the exact value

Reference no: EM131438783

Question: A popular resort hotel has 300 rooms and is usually fully booked. About 6% of the time a reservation is canceled before the 6:00 p.m. deadline with no penalty. What is the probability that at least 280 rooms will be occupied? Use the binomial distribution to find the exact value.

Reference no: EM131438783

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