Question

Suppose that the manager of a company has estimated the probability of a super-event sometime during the next five years that will disrupt all suppliers as 0.23%. In addition, the firm currently uses three suppliers for its main component, and the manager estimates the probability of a unique-event that would disrupt one of them sometime during the next five years to be 1.4%. What is the probability that all three suppliers will be disrupted at the same time at some point during the next five years? Group of answer choices
a) 4.4400%
b) 0.2197%
c) 4.4203%
d) 0.2303%

Answer 1

Answer:

The answer is d) 0.2303%