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Philip witt, president of witt input devices, wishes to create a portfolio of local supplier for his new line of keyboards. as suppliers all reside

Philip witt, president of witt input devices, wishes to create a portfolio of local supplier for his new line of keyboards. as suppliers all reside in a location prone to hurricanes, tornadoes, flooding, and earthquakes, philip believes that the probability in any year of a "super event" that might shut down all suppliers at the same time at least 2 weeks is 2%. such total shutdown would cost the company approximately 520,000. he estimates the "unique event" rish for any of the suppliers to be 7%. assuming that the marginal cost of managing an additional suppler is 14800 per year, how many suppliers should witt input devices use? assumer that up to three nearly identical supplers are available. EMV (1)=$

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