Question

Guy knows that in his restaurant the stoves need to be replaced as it is starting to leak. In addition his cook Gordon is threatening to quit. Instead of spending $4,300 to replace the leaking stove he decides to just give it to Gordon as a bonus to prevent him from leaving. Gordon accepts. The probability of dying in the kitchen given this leaking stove is 1 in 500. How much does Guy value Gordon's life?

Group of answer choices

$2.15 million

$4,300

$3 million

$500

$21.5 million

Answer 1

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The answer is $2.15 million

( $4300 * 500= 2150000)