1. The Diagram below shows the probability (Vertical axis) of completing a project at a cost not exceeding the cost shown on the horizontal axis. What is the probability (rougly) of completeing the project at a cost not exceeding not exceeding $2.4 million?

Range of Uncertainty 100 100 90 90 80 85%% Chance 80 Expected of Costing 70 Value $2.45M or Less 70 $2.35M 60 50 Target 50 Cumulative Probably (%) Cumulative Probably () $2.2M 40 23% Chance 40 of Meeting 30 Target 30 20 20 10 10 O 0 $2.0M $2.1M $2.2M $2.3M $2.4M $2.5M $2.6M $2.7M $2.8M Predicted Total Project Cost Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK* Guide) - Sixth Edition, Project Management Institute, Inc., 2017, Figure 11-13, Page 433