A congressional committee is investigating a defense contractor whose projects often incur cost overruns. The data in the table below show y, the fraction of the projects with an overrun of at most C%. Based on the table, what is the probability that there will be a cost overrun of 50% or more? Between 20% and 40%? Near what percent is the cost overrun most likely to be? C|-20% | -10% 0% 10% 20% 30% 40% 50% y 0.01 0.08 0.19 0.32 0.50 0.80 0.94 0.99 Enter the exact answers for the probabilities. Round your answer for the most likely amount of cost overrun to the nearest perc The probability that there will be a cost overrun of 50% or more is %.

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A congressional committee is investigating a defense contractor whose projects often incur cost overruns. The data in the table
below show y, the fraction of the projects with an overrun of at most C%.
Based on the table, what is the probability that there will be a cost overrun of 50% or more? Between 20% and 40%? Near what
percent is the cost overrun most likely to be?
C-20% | -10%
0%
10%
20%
30%
40%
50%
y
0.01
0.08
0.19
0.32
0.50
0.80
0.94
0.99
Enter the exact answers for the probabilities. Round your answer for the most likely amount of cost overrun to the nearest percent
The probability that there will be a cost overrun of 50% or more is
%.
The probability that there will be a cost overrun between 20% and 40% is
%.
The most likely amount of cost overrun is i
%.
Transcribed Image Text:A congressional committee is investigating a defense contractor whose projects often incur cost overruns. The data in the table below show y, the fraction of the projects with an overrun of at most C%. Based on the table, what is the probability that there will be a cost overrun of 50% or more? Between 20% and 40%? Near what percent is the cost overrun most likely to be? C-20% | -10% 0% 10% 20% 30% 40% 50% y 0.01 0.08 0.19 0.32 0.50 0.80 0.94 0.99 Enter the exact answers for the probabilities. Round your answer for the most likely amount of cost overrun to the nearest percent The probability that there will be a cost overrun of 50% or more is %. The probability that there will be a cost overrun between 20% and 40% is %. The most likely amount of cost overrun is i %.
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