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5. The local brewery potentially can spill its waste and damage homes down the street. The probability of an accident is .02, with damages of
5. The local brewery potentially can spill its waste and damage homes down the street. The probability of an accident is .02, with damages of $500,000. Assume additional precautions can be taken to reduce the probability of a spill to .01. What is the most that additional precaution can cost for the brewery to be in Violation of the Hand Rule? Show your work and explain your
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