Mr. George Room proposed to Ms. Brittany Ride with a diamond ring valued at $8, 000. Ms. B. Ride thinks the probability that it will be lost or stolen in a given year is .006. She can buy an Total insurance policy for one year for $50 that will completely reimburse the loss of the ring if it gets lost or stolen. She can also buy Regular insurance policy for one year for $30 that will reimburse 75% of the cost of the ring if it gets lost or stolen.

(a) Determine the payoff table (How to construct the payoff table?)

Answer: $50, $50, $2030, $30, $8000, $0