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 $600,000 and $800,000 B) Normal probability with a mean bid of $700,000 and a standard deviation of $50,000 Assume the building contractor submits a bid of $650,000. Employ an EXCEL spreadsheet model and incorporate @Risk software to determine the probability that the contractor submits the lowest bid and wins the contract for the new construction project. Repeat the @Risk simulation process now assuming a bid of $625,000 and compare results. Repeat the @Risk simulation process now assuming a bid of $615,000 and compare results.