Hardhat Construction Co . just bid on a commercial project. The bid was based on a normal
Fantastic news! We've Found the answer you've been seeking!
Question:
Hardhat Construction Co just bid on a commercial project. The bid was based on a normal
distribution representing Hardhats estimates of possible costs for the project. The mean is $
million, with a standard deviation of $ million. How likely is it that the project costs will be:
a between $ and $ million?
b no more than $ million?
c If Hardhat Construction is awarded the contract and will receive $ million, what is the chance that they will have profits of less than $ million?
d there is a chance that the costs will be over
Posted Date: