Assume you paid $3,000 for your notebook computer.The probability of the computer being stolen is .02 if you are careful and .05 if you are not.How much (in dollar terms)are you willing to expend in caring for the computer? If you had purchased insurance that replaced the computer if it were stolen,how much would you be willing to spend in taking care of it (ignore the "costs" of lost data and time in getting a replacement)? Why?

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The Answer of Assume you paid $3,000 for your notebook computer.The probability of the computer being stolen is .02 if you are careful and .05 if you are not.How much (in dollar terms)are you willing to expend in caring for the computer? If you had purchased insurance that replaced the computer if it were stolen,how much would you be willing to spend in taking care of it (ignore the "costs" of lost data and time in getting a replacement)? Why?

Assume You Paid $3,000 for Your Notebook Computer