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 0.23%.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 1.4%.What is the probability that all three suppliers will be disrupted at the same time at some point during the next five years?
A) 4.4203%
B) 0.2300%
C) 4.4300%
D) 0.2297%
E) 0.2303%
Correct Answer:
Verified
Q2: Suppose that the manager of a company
Q6: Consider the disaster risk decision tree model.Using
Q7: Which of the following statements is TRUE
Q9: Under the disaster risk decision tree model,which
Q11: The bullwhip effect describes the tendency for
Q151: Unfortunately, not many supply chain metrics exist
Q171: Which of the following is NOT an
Q172: For the disaster risk decision tree model,
Q178: Firms often use multiple suppliers for important
Q179: The overarching solution to the bullwhip effect
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents