A boutique hotel is managing reservations for a given night. Currently, it has 15 rooms available for reservation. When a customer makes a reservation, there is a 0.30 chance of the customer cancelling a reservation, and a 0.70 chance of the customer showing for the reservation. Each customer that shows up pays a rate of $300, while each customer that cancels is charged a $100 cancellation fee. Suppose that the hotel takes exactly 15 reservations. Dismayed by the high rate of cancellations, the hotel considers the possibility of overbooking, i. e., accepting more reservations than the available capacity of 15 rooms.
What is the largest number of reservations the hotel should accept to ensure that the probability of having insufficient capacity (i. e., the number of customers who show up is higher than the number of available rooms) is at most 0.25?

the answer would be d.

step-by-step explanation:

move all variables to the left side and all constants to the right side

(x−3)^2+(y−1)^2=16

this is the form of a circle. use this form to determine the center and radius of the circle.

( x − h ) 2 + ( y − k ) 2 = r 2

match the values in this circle to those of the standard form. the variable   r   represents the radius of the circle,   h   represents the x-offset from the origin, and   k   represents the y-offset from origin.

r = 4

h = 3

k = 1

the center of the circle is found at   ( h , k ) .

center:   ( 3 , 1 )

these values represent the important values for graphing and analyzing a circle.

center:   ( 3 , 1 ).

radius:   4

the degrees would remain the same ( the number to the left of the decimal point.

the multiply the decimal by 60 to get the minutes and use the numbers to the left of the decimal point.

then multiply the decimal portion of that by 60 for the seconds and round off as needed.

39 .956652

the 39 remains the degrees.

the minutes = 0.956652 x 60 = 57.39912

the minutes = 57

the seconds = 0.39912 x 60 = 23.95 = 24 ( rounded to nearest tenth)

so 39.956652 = 39 degrees, 57 minutes and 24 seconds

-75.159809

the -75 remains the degrees

the minutes = 0.159809 x 60 = 9.58854

the minutes = 9

the seconds = 0.58854 x 60 = 35.31, rounded to nearest tenth = 35.3 seconds

so -75.159809 = -75 degrees, 9 minutes and 35.3 seconds.

the first coordinate is north or south, since it it positive it is north.

the second number is east or west, because it is negative it is west.

39 degrees, 57 minutes and 24 seconds n

-75 degrees, 9 minutes and 35.3 seconds w

irst, find the z score of a score of 80. this is given by the formula z = (x-u)/o, where x is the score, u is the mean, and o is the standard deviation. this gives

z = (80-78)/12 = 1/6 = .1667

now, find what percentile a z score of 1/6 correlates to in the normal distribution.

a z score of 1/6 = .1667 is equivalent to the 56.36th percentile of the distribution. so the probability a score is over this is 1-.5636 = .4364

the mean of a sample mean is equal to the original mean. however, the standard deviation of a sample mean is equal to the original standard deviation divided by the square root of n (sample size). so the new standard deviation is 12/sqrt(16) = 3.

the new z score is 80-78/3 = 2/3 = .667. this is equivalent to the 74.86th percentile. so the probability that the mean will be greater than this score is 1-.7486 = .2514.