1. How many combinations of prices can we have with the four work packages given using the triangular distribution method? (0.25 point). (Optimistic 4*Most Likely Pessimistic) / 6. Work Package A: (25 4(29) 36)/6 = 29.5 Work Package B: (17 4(24) 28)/6 = 23.5 Work Package C: (14 4(21) 35)/6 = 22.2 Work Package D: (30 4(36) 40)/6 = 35.7 2. What is the most likely price (target price)? (0.75 point) The most likely price (target price) is the sum of the most likely prices for each work package: 29 (A) 24 (B) 21 (C) 36 (D) = $110,000. 3. What is the price at 75% confidence? (0.75 point) 4. What would be the bid price, assuming 80% confidence and a profit of 10%? (0.5 points) 5. Comment on the chances of the contractor winning this bid. (0.5 points) 6. Repeat questions 1 to 5, assuming that the optimistic prices are 10% lower and the pessimistic prices are 10% higher. (1.5 points) 7. What differences do you find when you compare your results from question 6 to what you had from previous questions? Please explain why. (0.5 point)