Question: Hardhat Construction Co . just bid on a commercial project. The bid was based on a normal distribution representing Hardhat s estimates of possible costs

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 $6.5
million, with a standard deviation of $1.1 million. How likely is it that the project costs will be:
a. between $5 and $6 million?
b. no more than $7.2 million?
c. If Hardhat Construction is awarded the contract and will receive $10 million, what is the chance that they will have profits of less than $1.5 million?
d. there is a 5% chance that the costs will be over ________________?

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