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A local outfitter has thirty-two kayaks for weekend rental. On any given weekend, outfitter takes 40 reservations for the 32 kayaks, as he experiences "no-shows" - those people with reservations who do not pick up the kayak. He estimates the probability of any reservation being a "no-show" is 0.30. As a result, the outfitter faces the possibility of "overbooking". Any person making a reservation who finds himself or herself without a kayak is provided with a free rental the following weekend - a policy that the outfitter clearly states when a reservation is made. (There are no guarantees, so pick up your reserved kayak early!) What probability distribution will model this situation best?? Part (a) What is the probability the outfitter rents only 25 kayaks on a given weekend? (If rounding use at least four digits after the decimal in your answer) Part (b) During a fully booked weekend what is the probability that every person showing up to pick up his or her reserved kayak will have a kayak for the weekend? (If rounding use at least four digits after the decimal in your answer) Part (c) During a fully booked weekend what is the probability that the outfitter overbooks? decimal in your answer) (If rounding use at least four digits after the

A local outfitter has thirty-two kayaks for weekend rental. On any given weekend, outfitter takes 40 reservations for the 32 kayaks, as he experiences "no-shows" - those people with reservations who do not pick up the kayak. He estimates the probability of any reservation being a "no-show" is 0.30. As a result, the outfitter faces the possibility of "overbooking". Any person making a reservation who finds himself or herself without a kayak is provided with a free rental the following weekend - a policy that the outfitter clearly states when a reservation is made. (There are no guarantees, so pick up your reserved kayak early!) What probability distribution will model this situation best?? Part (a) What is the probability the outfitter rents only 25 kayaks on a given weekend? (If rounding use at least four digits after the decimal in your answer) Part (b) During a fully booked weekend what is the probability that every person showing up to pick up his or her reserved kayak will have a kayak for the weekend? (If rounding use at least four digits after the decimal in your answer) Part (c) During a fully booked weekend what is the probability that the outfitter overbooks? decimal in your answer) (If rounding use at least four digits after the

MATLAB: An Introduction with Applications
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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A local outfitter has thirty-two kayaks for weekend rental. On any given weekend, outfitter takes 40 reservations for the 32 kayaks, as he experiences "no-shows" - those people with reservations who do not pick up the kayak. He estimates the probability of any reservation being a "no-show" is 0.30. As a result, the outfitter faces the possibility of "overbooking". Any person making a reservation who finds himself or herself without a kayak is provided with a free rental the following weekend - a policy that the outfitter clearly states when a reservation is made. (There are no guarantees, so pick up your reserved kayak early!) What probability distribution will model this situation best? ? Part (a) What is the probability the outfitter rents only 25 kayaks on a given weekend? decimal in your answer) Part (b) During a fully booked weekend what is the probability that every person showing up to pick up his or her reserved kayak will have a kayak for the weekend? (If rounding use at least four digits after the decimal in your answer) 7 Part (c) During a fully booked weekend what is the probability that the outfitter overbooks? (If rounding use at least four digits after the decimal in your answer) X Part (d) During a fully booked weekend how many kayaks should the outfitter expect to rent on the weekend? (If rounding use at least four digits after the decimal in your answer) RENE (If rounding use at least four digits after the Standard deviation? (If rounding use at least four digits after the decimal in your answer)
Transcribed Image Text:A local outfitter has thirty-two kayaks for weekend rental. On any given weekend, outfitter takes 40 reservations for the 32 kayaks, as he experiences "no-shows" - those people with reservations who do not pick up the kayak. He estimates the probability of any reservation being a "no-show" is 0.30. As a result, the outfitter faces the possibility of "overbooking". Any person making a reservation who finds himself or herself without a kayak is provided with a free rental the following weekend - a policy that the outfitter clearly states when a reservation is made. (There are no guarantees, so pick up your reserved kayak early!) What probability distribution will model this situation best? ? Part (a) What is the probability the outfitter rents only 25 kayaks on a given weekend? decimal in your answer) Part (b) During a fully booked weekend what is the probability that every person showing up to pick up his or her reserved kayak will have a kayak for the weekend? (If rounding use at least four digits after the decimal in your answer) 7 Part (c) During a fully booked weekend what is the probability that the outfitter overbooks? (If rounding use at least four digits after the decimal in your answer) X Part (d) During a fully booked weekend how many kayaks should the outfitter expect to rent on the weekend? (If rounding use at least four digits after the decimal in your answer) RENE (If rounding use at least four digits after the Standard deviation? (If rounding use at least four digits after the decimal in your answer)
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