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03-01-2023
Business

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Suppose the value of life is estimated by comparing the earnings and probabilities of death from working on a fishing boat in alaska with the earnings and probabilities of death from working in a fish processing plant in alaska. the analysis concludes that a year of life is valued at $6 million. if risk-loving people take the jobs on the boats and risk-averse people take jobs at the processing plants, the estimate will group of answer choices overstate by an unknown amount the value of a life for the average person. understate by an unknown amount the value of a life for the average person. be approximately equal to the value of a life for the average person. overstate by at least two times the value of a life for the average person.

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