tom is considering ways to avoid accidents on the work floor of his factory. if an accident does occur, it will cost him $500,000 in damages. installing safety equipment will decrease the probability of an accident occurring from 20% to 10%. however, the equipment costs $35,000 to install. should tom install the safety equipment? group of answer choices yes because it costs him less than it is worth in expectation yes because it costs him more than it is worth in expectation no because it costs him more than it is worth in expectation no because it costs him less than it is worth in expectation
