Suppose Sally has a choice to undertake a risky job for a salary of $69828. She could choose to take a safe job for a salary of $62841. She decided to take the risky job. Assuming Sally has a 1 in 601 chance of dying at the risky job than using the trade-off method, she values her life at?

Answer rating: 100% (QA)

Her income increases by 6987 from 69828 to 62841 Additi... View the full answer