A popular resort hotel has 300 rooms and is usually fully booked. About 7% of the time a reservation is canceled before the 6 p.m. deadline with no penatly. What is the probability that at least 285 rooms will be occupied? Use the binomial distribution to find the exact value.
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
A popular resort hotel has 300 rooms and is usually fully booked. About 7% of the time a reservation is canceled before the 6 p.m. deadline with no penatly. What is the probability that at least 285 rooms will be occupied? Use the binomial distribution to find the exact value.
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