$*$Note that the impacts of the various options for mitigating the same risk are not additive.

That is$,$ if you install both speed bumps and a Radar Speed Display, the impact of the

Radar Speed Display is negligible. Similarly, if you install both an overpass and a

stoplight the impact of the stoplight is negligible.

Please expand the table above by calculating, for each option, $q($the Net Probability of an

accident if that particular measure is implemented,$)$ effectiveness $E_{,\text{a}\text{n}\text{d}}$ and Change Cost$-$

Effectiveness Ratio C$/$E$.$ You may ignore the impact of Risk Aversion in your analysis. Hint:

pL is greater than $$1$ million in this problem.

d$.$ With respect to the possible remediation measures, what are your recommendations to the

Town of Templeton, and why? For the selected remediation measure$($s$),$ please calculate the

implementation cost to the town, the revised accident probability once the selected

remediation measure$($s$)$ have been implemented, the net savings to the town over $10$ years,

and the Simple Payback in years. You must show all work and calculations.