A popular vacation resort estimates that 94 percent of guests booked at their resort actually show up. If the resort books 76 guests for which the maximum number is 74, what is the probability that the number of guests who show up will exceed the capacity of the resort?
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 vacation resort estimates that 94 percent of guests booked at their resort actually show up. If the resort books 76 guests for which the maximum number is 74, what is the probability that the number of guests who show up will exceed the capacity of the resort?
(Round to four decimal places.)
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