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Identify/define and explain the significance of the following: memsahib.
Overbook
The practice of selling or booking more of a service or product than is actually available, often used in the context of airlines and hotel reservations.
Hotel Chain
A company that administers, manages, and owns a number of hotels across different locations.
Cumulative Binomial Probability
The probability that a binomial random variable falls within a specified range.
Defective Balls
Items that fail to meet quality standards or specifications, often used in statistical quality control contexts.
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