A cyber security risk study of data losses incurred by companies due to hackers penetrating their Internet security, found that 60% of the firms in the industry studied had experienced security breaches and that the average loss per security breach was $15,000. a. What is the probability that a firm will not have a security breach? b. A firm is contemplating spending money to decrease the likelihood of a breach. Assuming that the next year would be the same as this year in terms of security breaches and that this firm is similar to other firms in the industry in terms of vulnerability to cyber security breaches, how much is the minimum that the firm should be willing to pay to eliminate security breaches (i.e., what is the expected value of their loss)?