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Question - The following table provides the yearly expected cost of a risks associated with IT network interruptions of a major corporation.
Type of Risks
Probability
Repair Cost
None
0.85
$0
Minor
0.12
$30,000
Major
0.07
$500,000
Catastrophic
.01
$2,500,000
Required - What is the probability of any network failure that require repair in one year?
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