A building contractor is preparing a bid on a new construction project. Two other contractors will be submitting bids for the same project. Based on past bidding practices, bids from the other contractors can be described by the following probability distributions: Contractor Probability Distribution of Bid A Uniform probability distribution between E600 000 and E800 000 B Normal probability distribution with a mean bid of E700 000 and a standard deviation of E50 000

a. If the building contractor submits a bid of E750 000, what is the probability the building contractor will obtain the bid? Use a worksheet to simulate 1000 trials of the contract bidding process.

b. The building contractor is also considering bids of E775 000 and E785