How expected value calculation ties into the decision-making


Assignment

There are 4 questions needs to be answer in 4 pages continuing the business component paper which is attached. So you will use the excel sheet data to answer some questions below.

1. There needs to be a section discussing in theory how expected value calculation and how it ties into the decision-making process of firms in choosing if they are going to purchase mitigation technologies or not.

This section should stress the role of probability in the decision. But you will also want to talk about how changes in loss amount or mitigation costs will affect the decision.

2. You will need to have a data table (Check excel Sheet) with the summary stats of what you have collected regarding the various data breaches.

3. You will need to discuss the implied probabilities (Check excel Sheet) and how those probabilities inform similar firms considering mitigation technologies.

4. You will want to talk about places where you may have errors in the data of the companies (Check excel Sheet). (e.g. RSI's loss of business and revenue due to the nature of the breach and their firm's reputation)

Format your assignment according to the following formatting requirements:

1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.

2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.

3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.

Attachment:- B-Cold-Paper.rar

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Business Management: How expected value calculation ties into the decision-making
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