i) For an airline company, discuss the important components of the cost of risk that arise from the risk of plane crashes. ii) How might the risk of crashes be eliminated by the airline, if at all? iii) Assume that you want to fly across the country and that for a price of RM500 the probability of a fatal crash is one in a million trips. To reduce this probability to one in 1.5million trips, the price of a ticket would increase to RM1,000. Would you be willing to pay the extra RM500? If you are willing to pay the extra, what does that make you?