Alpha Tech weighs the costs of technological upgrades with v…

Alpha Tech weighs the costs of technological upgrades with varying outcomes: • Smooth upgrade: Probability = 0.45, Cost = $200,000 • Minor issues: Probability = 0.35, Cost = $800,000 • Major issues requiring additional investment: Probability = 0.20, Cost = $1,112,175 • Cost of Risk Management (out of pocket cost): $50,000 • Worry Value: $100,000 What is the total cost of technological upgrades for Alpha Tech?

Attorney received a call from Janet, a local resident charge…

Attorney received a call from Janet, a local resident charged with cybercrime involving unauthorized access to a $50,000 cryptocurrency wallet. After reviewing the case, Attorney believed the charges could be dismissed due to a procedural error before trial. Attorney verbally agreed to represent Janet, who agreed to pay Attorney 25% of the allegedly stolen amount (i.e., $12,500) if successful.