A small hotel in central London has 10 rooms
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A small hotel in central London has 10 rooms

Task 4

A small hotel in central London has 10 rooms. Based on data collected over the last five years, it was estimated that the probability a room is occupied on any “weekend” night (Saturday and Sunday) is 0.8. This is the probability of success. On any “weekend” night, a hotel is only occupied (Success) or not occupied (Failure). There are no other possibilities. 

Required:

What is the probability that at least 7 of the 10 hotel rooms are occupied on any weekend night? 

Note: Show all your calculations in well laid-out Excel spreadsheet tables with clear headings and include formulas. Give your answers correct to 3 decimal places.

Hint
Managementn= 10p= 0.8X P(X=x)                 Formula Used0 1.024E-07 =BINOM.DIST(A5,$B$1,$B$2,FALSE)1 4.096E-06 =BINOM.DIST(A6,$B$1,$B$2,FALSE)2 7.3728E-05 =BINOM.DIST(A7,$B$1,$B$2,FALSE)3 0.000786432 =BINOM.DIST(A8,$B$1,$B$2,FALSE)4 0.005505024 =BINOM.DIST(A9,$B$1,$B$2,FALSE)5 0.026424115 =BINOM.DIST(A10,$B$1,$B$2,FA...

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