All organizations activities involve risk. Risks are events caused by uncertainties, which can have a positive or negative effect on the project objectives. All projects are unique and thus the associated risk varies between projects.

An American multinational conglomerate incorporated in New York State and headquartered in Boston operates in the following segments: aviation, healthcare, power, renewable energy, digital industry, additive manufacturing, locomotives, and venture capital and finance. The VP of Risk Management and the Director of Project Management are jointly working on a risk assessment for a new class of business ventures. Market research shows that the probability of understaffing causing costly delays is $0\mathrm{.}3627$ and the probability of natural disaster causing delays is $0\mathrm{.}3975.$ The probability of both understaffing and a natural disaster is $0\mathrm{.}1442.$

Let UN $=$ The event of understaffing causes a delay, ND $=$ The event of a natural disaster causes a delay.