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Chitchat PAP's Cost/Benefit Analysis

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09-07-2016, 05:20 PM

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Chitchat PAP's Cost/Benefit Analysis

An honorable member of the Coffee Shop Has Just Posted the Following:

According to pap's analysis to each bank:

1. Employ two security guards at $20k each per year = $40k per year
2. Based on one robbery every 10years = $30k (Holland Village)

Cost of employing security guards - loss = ($400k-$30k)

Conclusion: Bank need not employ security guards as it gains $370k per year despite risk of robbery at the bank

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