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Belford company has three identical plants. They are located on the coast in ...

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Belford company has three identical plants. They are located on the coast in Texas, southern Alabama and southern Florida. Belford's risk manager focuses on the influence of a single hurricane on the company's operations. The risk manager estimates that the total destruction of each plant would result in a loss of 50 million per plant. The probability of a single hurricane destroying two or all three plants is very low because they are so far apart. Even so, it's possible that all three plants could be destroyed by a single hurricane. What is the maximum possible loss associated with a hurricane?

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