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A resort development company knows that the profit on the development it is about to undertake has approximately a normal distribution with a mean of $5,000,000 and a standard deviation, of $1,750,000.
a) What is the probability that the profit on the job exceeds $8,000,000?
b) What is the probability that the development makes a loss (profit less than zero)?
c) What is the level of profit from the job that there is a 20% chance of exceeding?
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