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Japanese jumpers were paid $5000 to help cool a nuclear reactor after the quake and tsunami....

Japanese jumpers were paid $5000 to help cool a nuclear reactor after the quake and tsunami. If the increase in odds of death after exposure is 0.1%, what is the estimated value of a life?

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Answer #1

Here, the value of 0.1% of life is $5,000.

So, the estimated value of complete life (the value of which is 100%) = $5,000/0.1 * 100 = $5,000 * 1,000 = $5,000,000

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