4. Suppose that a car-rental agency offers insurance for a week that costs $100. A minor fender bender will cost $3,500, whereas a major accident might cost $16,000 in repairs. Without the insurance, you would be personally liable for any damages. What should you do? Clearly, there are two decision alter- natives: take the insurance, or do not take the insur- ance. The uncertain consequences, or events that might occur, are that you would not be involved in an accident, that you would be involved in a fender bender, or that you would be involved in a major accident. Develop a payoff table for this situation. What decision should you make using each of the following strategies? a. aggressive strategy b. conservative strategy c. opportunity-loss strategy