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Suppose That the Manager of a Company Has Estimated the Probability

question 21

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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?


Definitions:

Psychological Disorders

Conditions characterized by abnormal thoughts, feelings, and behaviors.

Stressful Event

Any situation or event that significantly strains an individual's coping mechanisms, potentially leading to physical or psychological stress reactions.

Heredity

The transmission of genetic characteristics from parents to offspring.

Instructor

An individual responsible for teaching or imparting knowledge to students in educational settings.

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