Solved

A Certain Type of Injury Has Tangible Costs of $40,000

Question 36

Essay

A certain type of injury has tangible costs of $40,000 per occurrence and intangible costs of $150,000 per occurrence.Injury frequency is .05 per year but would be reducible to .01 per year with the installation of a new guarding system.Calculate the annual benefit the new system provide.

Correct Answer:

verifed

Verified

Total cost/injury = Tangible +...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions