Directions: Please read the description of the decision above.  Then create a decision tree in Word or draw it out on a piece of paper (hand drawn is fine!) and upload your finished decision tree here, showing all probabilities and calculations.  Upload your completed Decision Tree in a  (Word or picture file) using the provided Upload link.

Consequences Table and Even Swap Method (Use for the next 3 questions) Jill is graduating in a few months and is lucky to be choosing between 3 job offers.  For her decision problem, she has constructed the consequences table below.  Advancement potential was rated on an A, B, C scale where A is the best.  Assuming also that, for an extra $10,000 in salary, she would be willing to take on an extra 20 minutes in commute time, please answer the following questions.   Job A Job B Job C   Salary ($) 40,000 50,000 42,000 Commute Time (mins) 30 40 20 mins Advancement Potential B C A Vacation 2 weeks 2 weeks 2 weeks

Defining biases:  1 point each definition (8 points total)

Auditing is a cyclical process because

IT governance is controlled through a series of processes and procedures that

Which is the most recent federal law that addresses computer security or privacy?

Which is not one of the three widely recognized best practice IT-related frameworks mentioned in the chapter?

Jeff is considering insuring against cyberattack that may lead to damage to computer equipment risk. His company is currently valued at $50,000 (estimated wealth). If he suffers damage, he will likely lose $25,000 of his company’s wealth. If he gets insurance, then the insurance will cost (premium) $1000 and a payout in case of damages of $26,000. He knows from his IT Analyst that the expected value of his company’s wealth without insurance can be calculated aswhile with insurance can be calculated aswhere W = wealth, L = loss due to damages, A = insurance payout, b = insurance premium, =likelihood of attack. Given that attack happens with a probability of 0.4, what is the expected value of his company’s wealth with and without insurance?

Which act is the first-ever federal privacy standard to protect patient’s medical records?

 Consider the graph above, that outlines costs of fixing errors in each stage of SDLC. The Y-axis gives the cost of fixing errors while the X axis gives the stages of SDLC. Given this graph, it must be true that: