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klio [65]
2 years ago
11

The Occupational Safety and Health Administration (OSHA) has determined that the probability of a worker dying from exposure to

a hazardous chemical used in the production of fertilizer is 0.008. The cost of imposing a regulation that would ban the chemical is $31 million. If the value of a human life is equal to $8 million, how many people must the policy affect in order for the benefits to exceed the costs
Business
1 answer:
alexandr1967 [171]2 years ago
3 0

Answer: More than 484 person

Explanation:

The expected benefit for one person will be:

= probability of death × value of life

= 0.008 × 8 million = 0.064 million

The number of people that the policy must the affect in order for the benefits to exceed the costs will be:

= 31 million / 0.064 million

= 484.755

Therefore, the people should be more than 484 persons to exceed costs

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Help is here, a wrecker company, will soon need to purchase a new wrecker. the company anticipates needing $35,000 in 3 years. t
kogti [31]

Answer:

Explanation:

The $35,000 that will be needed in 3 years is a future value (FV).

This is an ordinary annuity, and it is asking for the recurring payment (PMT)

Using a financial calculator, input the following;

Future value; FV = 35,000

Total duration ; N = 3*12 = 36 months

Interest rate; I = 3.4%/12 = 0.2833%

One time present cashflow; PV = 0

then compute recurring payment ; CPT PMT =924.86

5 0
3 years ago
Glen wants to take a holiday that costs $8,850, but currently he only has $2,750 saved. if he invested his money at 8 percent in
Katarina [22]
<span> <span>Solution:

A = P(1+r)^n

where,
A = amount
P = principal
r = rate of interest
n = number of years

Putting values in the formula,

8850 = 2750(1+0.08)^n

8850/2750 = (1+0.08)^n
log will be used to solve "n" as it is in the exponent form, which gives,

log(8850/2750) = n log(1+0.08)

By solving, we get n = log(8850/2750) / log(1+0.08)

Using financial calculator, value comes as 15.187 rounded to 15.19.

So, he will have to wait for 15.19 years to take holidays as it will take 15.19 years to make $8850 from $2750 @ 8% annual compounding.</span> </span>
4 0
3 years ago
Canadian logging companies sell timber in the United States. To the U.S., the timber is a(n)_____, and for Canadians, the timber
klemol [59]

Answer: import; export

Explanation:

Canadian logging companies sell timber in the United States. To the U.S., the timber is an import, and for Canadians, the timber is an export.

An import is a good that is brought into a country and sold from another country while an export is a good that a country sells to other country. Timber is a export to the United States since it's brought from Canada.

3 0
3 years ago
Suppose Susan from USA works for a multinational company and has just arrived in a remote country in Africa for her work assignm
jolli1 [7]

Answer:

Ethnocentrism

Explanation:

I wish everyone in this little country just spoke English like the rest of the civilized world

this behavior is example of Ethnocentrism because

when we judge other culture on the basis of preconceptions that is found in the value and standard of own culture

and these are regarding of religion , behavior and language and customs etc

so here we can say Susan’s behavior is an example of Ethnocentrism

so correct option is C. Ethnocentrism

4 0
3 years ago
After using market research to identify the target audience for his advertising campaign, jorge will next use this information t
beks73 [17]

Answer:

D. Set explicit and measurable objectives for the campaign.

5 0
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