which is worth $$600,000.$ You have been delivering equipment for a while without accidents in the past. This time you estimate that there is a $5$ percent probability that the equipment could be damaged or lost. While exploring the possibility of transferring this risk to an insurance company, you found out the insurance premium is $$40000.$ What will be your BEST course of action?

Question $2$ options:

a$)$

There is no difference but make sure $5\%$ assumptions is accurate.

b$)$

You do not have much information to make a decision.

c$)$

Buy the insurance premium

d$)$

Do not buy the insurance premium and develop a contingency pla