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Johnson Chemicals is considering two options for its supplier portholio, Option 1 uses two local suppliers. Each has a unicue-event risk of 5.8%, and the

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Johnson Chemicals is considering two options for its supplier portholio, Option 1 uses two local suppliers. Each has a "unicue-event" risk of 5.8%, and the probability of a "super-event that would disable both at the same time is estimated to be 1.6%. Option 2 uses two suppliers located in different countries. Each has a "uniquo-event" risk of 14%, and the probablity of a "super-event" that would disable both at the same time is estmated to be 0.24%. a) The probablity that both suppliers will be disrupted using option 1 is 0.01931 (round your respanse to five decimal places). b) The probability that both supplien will be disrupted using opton 2 is (round your response to five decimal places)

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