the probability that both suppliers will be disrupted using option 1 is_____

the probability that both suppliers will be disrupted using option 2 is_____

_____ provides the lowest risk of a 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 0.27%. a) The probability that both suppliers will be disrupted using option 1 is (round your response to five decimal places)