In Exercise 16, we saw the following situation: Harada Construction has just bid on a major commercial project. The bid was based on a normal distribution representing Harada’s estimates of possible costs for the project. The distribution is centered on $6.5 million and has a standard deviation of $1.1 million. According to Harada’s estimates:
a. There is a 60% chance that costs will be less than $_______ million.
b. There is a 1% chance that the cost will be greater than $____ million.
c. There is a 45% chance that costs will be between $6.5 million and $______ million. (Make $6.5 million the lower boundary for your interval.)