Question: also probability for option 2, and which is the lowest risk Johnson Chemicals is considering two options for its supplier portfolio. Option 1 uses two

also probability for option 2, and which is the
also probability for option 2, and which is the lowest risk
Johnson Chemicals is considering two options for its supplier portfolio. Option 1 uses two local suppliers. Each has a "unique-event" risk of 5.4%, and the probability of a "super-event that would disable both at the same time is estimated to be 1.4%. Option 2 uses two suppliers located in different countries. Each has a "unique-event" risk of 14%, and the probability of a "super-event that would disable both at the same time is estimated to be 0.27%. a) The probability that both suppliers will be disrupted using option 1 is (round your response to five decimal places)

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