A construction company has to complete a project no later th…
A construction company has to complete a project no later than 3 months from now or there will be significant cost overruns. The manager of the construction company believes that there are four possible values for the length of time the project will last in months and he has shown the probabilities below. #Months 2 2.5 3 3.5 Prob 0.1 0.2 0.5 0.2 What is the probability the project is completed on or before the deadline? (Don’t overthink)