Suppose that the manager of a company has estimated the probability of a super-e

Question

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 0.0023. 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 0.014. What is the approximate probability that all three suppliers will be disrupted at the same time at some point during the next five years? 0.0023 0.0140 0.0012 0.0090

Explanation / Answer

It is mentioned that probability that all suppliers will be disrupted at same time = 0.0023

But it is also mentioned that number of suppliers = 3

==> probability that three suppliers will be disrupted at same time = 0.0023

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