Question: ( ( ( ( EXPECTED MONETARY VALUE ) ) ) ) Nexus Solutions, a new start - up , is currently upgrading its security systems.
EXPECTED MONETARY VALUE
Nexus Solutions, a new startup is currently upgrading its security systems. The chief security officer, Clark Robinson, has conducted a risk analysis. The security team estimates a probability of a significant security mishap in the next five years. Robinson has three options to consider:
Option : Educate the employees and prepare them for a security event at a cost of $
Option : Improve the firm's security system at a cost of $
Option : Do nothing.
In the event of a security mishap, the firm will incur costs of $ if Option is chosen, $ if Option is chosen, and $ if Option is chosen. What should Robinson do if she chooses option What should he do
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