A hotel has 50 "luxury" rooms and 250"regular" rooms. On a given night, thedemand for luxury rooms is Poissondistributed with mean 45, and the demandfor regular rooms is Poisson distributed withmean 270. If the demand for regular roomsexceeds 250, each person who wants aregular room but can't get one is willing,with probability 0.3, to upgrade to a luxuryroom if any luxury rooms are still available.After running a simulation with at least5,000 replications, what is the most realisticconclusion about the probability that all300 rooms will be occupied?a. This probability is around 0.21.b. This probability is around 0.54.c. This probability is around 0.32.d. This probability is around 0.68.

Answered: A hotel has 50 "luxury" rooms and 250…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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