Create a  memo in which  you are a teller at a credit union writing to your branch manager $-$ so this is an internal memo. Your task for this memo is to write a properly formatted memo to your boss and let them know $1)$ that you performed expected value calculations, $2)$ the results you received for each insurance option, and $3)$ which one maximizes your expected value. You will then need to indicate $4)$ which of the insurance options you will go with and why. Be sure to ask your boss to finalize the transfer for the purchase.