Question: YOUR CURRENT SYSTEM IS DEEMED TO BE 89% RELIABLE. A MAJOR THREAT HAS BEEN IDENTIFIED WITH AN IMPACT OF $3,110,000. TWO CONTROL PROCEDURES EXIST TO

YOUR CURRENT SYSTEM IS DEEMED TO BE 89% RELIABLE. A MAJOR THREAT HAS BEEN IDENTIFIED WITH AN IMPACT OF $3,110,000. TWO CONTROL PROCEDURES EXIST TO DEAL WITH THE THREAT. IMPLEMENTATION OF CONTROL A WILL COST $150,000 AND REDUCE THE LIKELIHOOD TO 5%. IMPLEMENTATION OF CONTROL B WILL COST $145,000 AND REDUCE THE LIKELIHOOD TO 4.5%. IMPLEMENTATION OF BOTH CONTROLS WILL COST $225,000 AND REDUCE THE LIKELIHOOD TO 2.5%. GIVEN THIS DATA AND SOLELY BASED ON ECONOMIC ANALYSIS OF COSTS AND BENEFITS, WHAT SHOULD WE DO ? SHOW WORKINGS

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