The Porsche Shop, founded in 1985 by Dale Jensen, specializes in the restoration of vintage Porsche automobiles. One of Jensens regular customers asked him to prepare an estimate for the restoration of a 1964 model 356SC Porsche. To estimate the time and cost to perform such a restoration, Jensen broke the restoration process into four separate activities: disassembly and initial preparation work (A), body restoration (B), engine restoration (C), and final assembly (D). Once activity A has been completed, activities B and C can be performed independently of each other; however, activity D can be started only if both activities B and C have been completed. Based on his inspection of the car, Jensen believes that the following time estimates (in days) are applicable:

Jensen estimates that the parts needed to restore the body will cost $3000 and that the parts needed to restore the engine will cost $5000. His current labor costs are $400 a day.

Most Probable Activity Optimistic Pessimistic 4 A B 5 11 4 C 2 D 4 12 5 3 LO e. If Jensen obtains the job based on a bid of $16,800, what is the probability that he will lose money on the job? Note: Use Appendix B to identify the areas for the standard normal distribution. If required, round your answer to four decimal places The probability of a loss is Most Probable Activity Optimistic Pessimistic 4 A B 5 11 4 C 2 D 4 12 5 3 LO e. If Jensen obtains the job based on a bid of $16,800, what is the probability that he will lose money on the job? Note: Use Appendix B to identify the areas for the standard normal distribution. If required, round your answer to four decimal places The probability of a loss is