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ABC company has a subsidiary in California and Los Angelos. The probability that in any given year, a fire will damage the subsidiary is 8%.

ABC company has a subsidiary in California and Los Angelos. The probability that in any given year, a fire will damage the subsidiary is 8%. What is the probability that BOTH subsidiaries will be damaged by fire in any given year:

0.64%

0.16%

64%

16%

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