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Business, 20.02.2022 04:00 megs87

Maria is the risk manager for a large organization and is evaluating whether the organization should purchase a fire suppression system. She consulted several subject matter experts and determined that there is a 1 percent chance that a fire will occur in a given year. If a fire occurred, it would likely cause $2 million in damage to the facility, which has a $10 million value. If the exposure factor (EF) for a $10 million facility is 20 percent, what is the single loss expectancy (SLE)?

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