The amount of change that goes up. percent of amount?percent of change? percent of increase? percent of decrease?
1 answer:
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Answer: The required probability is 0.334.
Step-by-step explanation:
Since we have given that
N = 15 reservations
probability of reservations will not be used = 0.2
probability of reservations will be used = 1-0.2=0.8
Let X be the Binomial variable,that the number of reservations canceled.
We need to find the probability that more than 8 but less than 12 reservations.
So, it becomes,
Hence, the required probability is 0.334.