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est. Louismile) druns the gomis, the 7. Nike manufactures some products in the T r eaNike has a huge distribution center in Memphis about shou1200
est. Louismile) druns the gomis, the 7. Nike manufactures some products in the T r eaNike has a huge distribution center in Memphis about shou1200 miles drive from St. Louis. Nike loads finished goods in St Loun gemsailers and hauls the goods lers and hauls the goods to the shipping center in Memphis. After deliver the finished goods in Memphis, the semi-trailers are loaded with raw materials for the trip back to St. Louis. Based on past experience, the risk manager at Niv e d the following probabilities to some events: .05 In any given year: Severe Fire--Memphis Distribution Center...... Severe Fire--St. Louis Production Facility.... Wind Damage--Memphis Distribution Center...... Earthquake Damage--St. Louis Production Facility Employee Death On-Site in St. Louis...... On any given "trip": Theft--Goods/Materials in Transit........... ods/Materials in Transit.. Theft of Goods/Materials after an Accident Occurs. .04 .05 .40 a. What is the probability of a death in St. Louis, wind damage in Memphis or both of these events occurring in any given year? (1 point) b. What is the probability that both the St. Louis and Memphis sites will have a severe fire in any given year? (half-point) c. What is the probability on any given trip that there will be an accident and that after the accident occurs there will be theft of goods/materials? (consider these occurrences together in their totality--.40 is NOT the correct answer) (1 point) est. Louismile) druns the gomis, the 7. Nike manufactures some products in the T r eaNike has a huge distribution center in Memphis about shou1200 miles drive from St. Louis. Nike loads finished goods in St Loun gemsailers and hauls the goods lers and hauls the goods to the shipping center in Memphis. After deliver the finished goods in Memphis, the semi-trailers are loaded with raw materials for the trip back to St. Louis. Based on past experience, the risk manager at Niv e d the following probabilities to some events: .05 In any given year: Severe Fire--Memphis Distribution Center...... Severe Fire--St. Louis Production Facility.... Wind Damage--Memphis Distribution Center...... Earthquake Damage--St. Louis Production Facility Employee Death On-Site in St. Louis...... On any given "trip": Theft--Goods/Materials in Transit........... ods/Materials in Transit.. Theft of Goods/Materials after an Accident Occurs. .04 .05 .40 a. What is the probability of a death in St. Louis, wind damage in Memphis or both of these events occurring in any given year? (1 point) b. What is the probability that both the St. Louis and Memphis sites will have a severe fire in any given year? (half-point) c. What is the probability on any given trip that there will be an accident and that after the accident occurs there will be theft of goods/materials? (consider these occurrences together in their totality--.40 is NOT the correct answer) (1 point)
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