Question: In Example 1 1 . 1 , the possible profits vary from negative to positive for each of the 1 0 possible bids examined. a

In Example 11.1, the possible profits vary from
negative to positive for each of the 10 possible bids
examined.
a. For each of these, use @RISKs RISKTARGET
function to find the probability that Millers
profit is positive. Do you believe these results
should have any bearing on Millers choice
of bid?
b. Use @RISKs RISKPERCENTILE function to
find the 10th percentile for each of these bids. Can
you explain why the percentiles have the values
you obtain?

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