Multiple Choice
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 diet soft drinks is 0.0005.The cost of imposing a regulation that would ban this chemical is $18 million.If each person saved has a value equal to $10 million, how many people must the policy affect in order for benefits to exceed costs?
A) 3600
B) 1800
C) 600
D) 100
Correct Answer:
Verified
Correct Answer:
Verified
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