What is the probability that both production facilities, Financial Management

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What is the probability that both production facilities

RST Company has production facilities in Salt Lake City and Cleveland. The probability that in any given year a fire will damage the production facility in Salt Lake City is 10 percent. The probability that in any given year a fire will damage the Cleveland production facility is 4 percent. What is the probability that BOTH production facilities will be damaged by fire in any given year? Show all work

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Financial Management: What is the probability that both production facilities

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