Multiple Choice
The local fire department wants to buy some new equipment at a cost of $300,000.If a human life is worth $10 million,the equipment is worth buying if it reduces the risk of someone dying in a fire over the life of the equipment by at least
A) 1 percentage point.
B) 3 percentage points.
C) 5 percentage points.
D) 30 percentage points.
Correct Answer:
Verified
Correct Answer:
Verified
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