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What is the probability of any network failure

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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?

Reference no: EM132759194

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