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4. Barry is deciding between working in Company A versus Company B. If he accepts the job offer from Company A his monthly sa

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Answer #1

The monthly salary difference would be $(9000-5000)=$4000

He will be required to do 5 round trips which will increase his chances of dying by (1-0.99^5)=0.04900995[It is so because chances, he is alive if the plane is not crashing every time]

Thus, the value of his statistical life would be $4000/0.04900995=$81616.08

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