Revise Tims Retirement Plan to take probabilities into account. Assume the salary increase will have a normal distribution with a mean of 4% and a standard distribution of 1% Assume the annual rate of return will follow at table as follows 10% chance it will be 2% 20% chance it will be 3% 40% chance it will be 4% 20% chance it will be 5% 10% chance it will be 6% Assume he will contribute between a random uniform distribution between a minimum of 4% and a maximum of 8% Run 1000 simulations Prepare a Summary statistics for the amount Tim will have at retirement age of 65 Prepare a bin covering the max and min of the amount Tim could have at 65 Prepare a chart ( histogram) showing the frequencies of the amounts in each bin. Will Tim reach his retirement goal? And if not, what recommendations could you offer