Question: B) What is the probability that both suppliers will be disrupted using option 2? (round response to five decimal places) C) Which option would provide

B) What is the probability that both suppliers

B) What is the probability that both suppliers will be disrupted using option 2? (round response to five decimal places)

C) Which option would provide the lowest risk of total shutdown?

Johnson Chemicals is considering two options for its supplier portfolio. Option 1 uses two local suppliers. Each has a "unique-event" risk of 5.8%, 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 11%, and the probability of a "super-event" that would disable both at the same time is estimated to be 0.18% a) The probability that both suppliers will be disrupted using option 1 is (round your response to five decimal places)

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