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Suppose that catastrophe might happen by triggering events A1 OR A2. The probability of A1 happening in a given year is 1%, and the probability of A2 happening in a given year is 0.5%. Assuming that A1 and A2 is independent, what is the probability of catastrophe being realized in a given year?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92288483

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