The RAD Construction Company has been awarded a contract with the state of Delaware to replace a

Question:

The RAD Construction Company has been awarded a contract with the state of Delaware to replace a bridge on Pike Creek Road. Based on experience with previous projects, RAD feels the project completion time follows a normal distribution with a mean of 92 days and a standard deviation of 9 days. RAD anticipates the net profit for completing the project is $ 125,000. If the company completes the project in less than 84 days, it will receive an additional $ 20,000 bonus from the state. If it takes longer than 106 days to complete the project, the state of Delaware will penalize RAD $ 15,000. What is RAD’s expected profit for the project?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...