A university is considering the addition of theft insurance for laptop computers as a part of annual university tuition. All students have laptops, and in the part an average of 5% of these computer has been stolen over the course of a year, at an average loss of $1200 each. On the basis that experience, a university is thinking of proving the insurance to all students and increasing the tuition by $60. The university thinks it is a good insurance policy because, among other things, it allows the university to break even. Do you agree?