What is the probability that any manufacturing plant

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Reference no: EM132060500

Moiraine's Charms processes small gemstones into charm jewelry. Moiraine is trying to decide if it should open a processing center in Iceland, Denmark, or both locations.

In Iceland, the probability of shutdown is 6% in any given year. In Denmark, the probability of shutdown is 8% in any given year.

  • What is the probability that any manufacturing plant is shut down if Moiraine's operates with two manufacturing plants?
  • What is the probability that both manufacturing plants are shut down if Moiraine's operates with two manufacturing plants?

Reference no: EM132060500

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