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?