I need help understanding how to answer these question thoroughly.

Part 1: Using the cost-benefit analysis method, estimate how much money MidCorp should spend on power protection. You will have to make several assumptions to do this. Your answer should contain an "assumptions" section in which you list them. Justify each assumption in one or two sentences.

Part 2: Bruce Schneier says one should consider the following things when considering implementing a security system:

What assets are you trying to protect?

What are the risks to those assets?

How well does the proposed solution mitigate those risks?

What other risks might the proposed solution cause?

What are the costs and trade-offs of the proposed solution?

Assume your cousin lives with a spouse, a pre-teen daughter, and a teenage son. Your cousin has asked for advice on whether to install a monitored burglar alarm in their home. What advice do you give? You do not have to find out the cost of burglar alarm systems for this assignment, but address all the rest of Schneier's considerations.

Please and Thank you.