Situations

Broken Horse Stables Inc. sued Topnotch Equestrian Inc. for $$1\mathrm{.}3$ million

alleging breach of contract. Topnotch's legal counsel estimates that

Broken Horse's likelihood of success is about $52\%.$ Based on its experience

with cases of this nature, the law firm suggests that if the litigant is successful,

then it will be awarded from $$550,000$ to $$850,000,$ with all payouts in this

range being equally likely.

Meagan Morton broke her arm when she slipped on the ice in front of the

office of Boondoggle Inc. On the advice of legal counsel, Boondoggle has

offered Morton $$150,000$ to settle her $$450,000$ lawsuit. It is unknown whether

Morton will accept the settlement offer. Boondoggle's legal counsel estimates

that Morton has a $85\%$ probability of success, and that if successful, she will

be awarded $$250,000$ to $$500,000,$ with all payouts in this range being

equally likely.