Suppose That the Manager of a Company Has Estimated the Probability

question 21

Multiple Choice

Suppose that the manager of a company has estimated the probability of a super-event sometime during the next five years that will disrupt all suppliers as 0.23%.In addition,the firm currently uses three suppliers for its main component,and the manager estimates the probability of a unique-event that would disrupt one of them sometime during the next five years to be 1.4%.What is the probability that all three suppliers will be disrupted at the same time at some point during the next five years?

• A)4.4203%
• B)0.2300%
• C)4.4300%
• D)0.2297%
• E)0.2303%

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Definitions:

HR Managers

Professionals responsible for overseeing and managing an organization's human resources functions, including recruitment, training, and employee relations.

Work Standards

Benchmarks or criteria used to measure the quality and performance of work tasks and employees.

Performance Improvement

Efforts and activities aimed at enhancing the effectiveness and efficiency of an individual, team, or organization.

Assesses Work

The evaluation or examination of tasks, performance, and effectiveness in a workplace.