After Plowing Through Contracts for a Decade, the Contract Writer

question 74

Essay

After plowing through contracts for a decade, the contract writer knew about how long it took to crank out the material necessary to satisfy a contract's requirements. The distribution could be modeled using the data provided in this table.
$$\begin{array} { | c | c | } \hline \begin{array} { c } \text { Number of } \\\text { Weeks }\end{array} & \begin{array} { c } \text { Random } \\\text { Number Range }\end{array} \\\hline 2 & 0 - 5 \\\hline 3 & 6 - 15 \\\hline 4 & 16 - 35 \\\hline 5 & 36 - 80 \\\hline 6 & 81 - 99 \\\hline\end{array}$$
-If each contract is worth $4000 but it costs $200 per week to work on a contract, what is the profit resulting from a simulation drawing of the numbers 72, 36, 8, 71, and 94?

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Definitions:

Automatization

The process by which skills become automatic through practice and repetition.

Concrete Situations

Circumstances or conditions that are specific, real, and tangible, as opposed to abstract or theoretical scenarios.

Reason Logically

The cognitive process of applying logical thinking and deduction to form valid conclusions or solve problems.

Jean Piaget

A Swiss psychologist known for his pioneering work in child development and his theory of cognitive development.