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2. Before negotiating a long-term construction contract, building contractors must care- fully estimate the total cost of completing the project. For a particular construction project
2. Before negotiating a long-term construction contract, building contractors must care- fully estimate the total cost of completing the project. For a particular construction project it is assumed that the total cost, X, is normally distributed with mean $850,000 and stan- dard deviation $170,000. The revenue, R, promised to the contractor is $1,000,000
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Understanding Basic Statistics
Authors: Charles Henry Brase, Corrinne Pellillo Brase
6th Edition
978-1133525097, 1133525091, 1111827028, 978-1133110316, 1133110312, 978-1111827021
