James is a college student who lives in an unfurnished apartment. The current replacement value of his clothes, television, stereo, cell phone, and other personal property in his apartment totals $$20,000.$ The risk of total loss of his belongings because of a grease fire in the kitchen of his apartment is $($low$,$ high$)$ frequency and $($low$,$ high$)$ severity, and $($avoidance$,$ loss prevention, retention, loss reduction$)$ is an appropriate risk management strategy according to the decision$-$making matrix.