Suppose 1 in 200 pilots flying space-x aircraft dies each year while only 1 in 500 pilots flying subspace gliders dies each year. moreover, the average salary of space-x pilots is $115,000, while the average salary of subspace glider pilots is $109,000. given this information, what is the implied statistical value of a life of a pilot?
a. $120,000
b. $1,200,000
c. $2,000,000
d. $6,000
e. $480,000

Answers

Answer 1
Final answer:

The implied statistical value of a pilot's life given the data provided is $7,500,000, which is not included in the options provided in the question.

Explanation:

The salary difference is $115,000 - $109,000 = $6,000. Space-X pilots have a death rate of 1 in 200, while Subspace glider pilots have a death rate of 1 in 500, the difference in risk is 1/500 - 1/200 = 1/1,250. Thus, the implied statistical value of a pilot's life is $6,000 * 1,250 = $7,500,000. None of the options a, b, c, d, and e is correct.The question asks about the implied statistical value of a life of a pilot, given certain death rates for different types of pilots and their respective average salaries. This type of calculation is often used in economics and insurance industries to establish how much value is ascribed to a single human life, based on various statistical and financial factors.To find the implied statistical value, we need to understand how many more dollars a Space-X pilot is paid compared to a Subspace glider pilot, divided by the additional risk they bear. The salary difference is $115,000 - $109,000 = $6,000. Space-X pilots have a death rate of 1 in 200, while Subspace glider pilots have a death rate of 1 in 500, the difference in risk is 1/500 - 1/200 = 1/1,250. Thus, the implied statistical value of a pilot's life is $6,000 * 1,250 = $7,500,000. None of the options a, b, c, d, and e is correct.

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Related Questions

What term describes laws aimed at promoting competition among​ firms?

Answers

Antitrust laws are rules developed by governments in order to ensure a fair competition exists between producers and to maintain the opening of the market. These laws typically guard against monopolies (a powerful firm having a large portion of the market) and disruptions within the market. 

Environmental groups or fair labor practice groups that challenge firms to maintain high standards are examples of:

a. primary stakeholder groups

b. secondary stakeholder groups

c. shareholders

d. csrs

Answers

Environmental groups or fair labor practice groups that challenge firms to maintain high standards are examples of secondary stakeholder groups. Secondary stakeholders are those that are indirectly affected by actions that an agency, institution, or organization take. These actions can either positively or negatively affect the stakeholders depending on what action occurs. Primary stakeholders have a direct interest in the organization whereas secondary stakeholders have an indirect interest. 

Because genetically modified seeds are _______, farmers cannot keep any of the seed themselves but must purchase seeds each year from companies such as monsanto.

Answers

Because genetically modified seeds are patented, farmers cannot keep any of the seed themselves but must purchase seeds each year from companies such as Monsanto. Farmers all purchase their crop seeds to plant and then farm each year for profit and food. The seeds the farmers use are patented from other companies so they are not able to try and keep the seeds and sell them as their own product. 

Internet-based commerce is called _____ and includes two main sectors: b2c (business-to-consumer) and b2b (business-to-business).​

Answers

e-commerce. 

(ELECTRONIC COMMERCE)

Lucky lou has just won the lottery and will receive an annual payment of $100,000 every year for the next 20 years. if the annual interest rate is 8%, what is the present value of the winnings?

Answers

PV = A*[1-(1+r)^-n]/r

A = annual payment = $100,000
r = Interest rate = 8% = 0.08
n = Number of year = 20
PV = present value of the earnings

Therefore,
PV = 100,000*[1-(1+0.08)^-20]/0.08 = $981,814.74
Final answer:

The present value of the annual winnings is approximately $1,857,347.16.

Explanation:

The present value of an annual payment can be calculated using the formula:

Present Value = Payment / (1 + Interest Rate)n

In this case, the payment is $100,000, the interest rate is 8%, and the number of years is 20. Plugging these values into the formula, we get:

Present Value = $100,000 / (1 + 0.08)20

Using a calculator, the present value is approximately $1,857,347.16

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Chewy Candy has a beginning inventory of $1,000 with a retail value of $1,800. June purchases were $3,000, with a retail value of $4,700 and retail sales were $4,200. What is the June 30 estimated ending inventory at cost under the retail method?

Answers

Final answer:

To estimate the ending inventory at cost under the retail method, calculate the cost-to-retail percentage and apply it to the ending inventory at retail. The cost-to-retail percentage is approximately 61.54%, and the estimated ending inventory at cost for Chewy Candy is about $1,415.42.

Explanation:

To calculate the estimated ending inventory at cost using the retail method, we first need to find the cost-to-retail percentage and then apply it to the ending inventory at retail.

Calculate the cost-to-retail percentage.
Beginning inventory at cost: $1,000Beginning inventory at retail: $1,800Purchases at cost: $3,000Purchases at retail: $4,700Total cost: $1,000 + $3,000 = $4,000Total retail: $1,800 + $4,700 = $6,500Cost-to-retail percentage = (Total cost / Total retail) * 100 = ($4,000 / $6,500) * 100 ≈ 61.54%Determine the ending inventory at retail.
Total sales at retail: $4,200Ending inventory at retail = Total retail - Sales at retail = $6,500 - $4,200 = $2,300Calculate estimated ending inventory at cost.
Estimated ending inventory at cost = Ending inventory at retail * Cost-to-retail percentage = $2,300 * 61.54% ≈ $1,415.42

Therefore, the estimated ending inventory at cost for Chewy Candy as of June 30 is approximately $1,415.42.

When tariffs are imposed, the losers include domestic consumers and the domestic government. foreign consumers and domestic producers of import-competing goods. domestic consumers and domestic producers of import-competing goods. domestic consumers and foreign producers?

Answers

When tariffs are imposed, the losers include domestic consumers and foreign producers. A tariff is a tax that is imposed on different imports or exports. When these taxes are added the consumers wanting to purchase the item are going to pay more for it because of the added tax. This also hurts foreign producers because their products cost more for those in the country they are being imported into making some people want to stay away from purchasing the item. 

When tariffs are imposed, the losers include domestic consumers and foreign producers. Thus option D is correct.

What are tariffs?

A tariff is a levy enforced on imported or exported of products by the administration of a territory or by an international union. Import tariffs can regulate international trade as serve as a means of supporting or defending home business in addition to providing the government with cash.

The tariff pushes domestic prices over those found abroad. Although they pay more and purchase more of the product, investors lose out. Domestic businesses improve their productivity and profit as a result of the internal pricing increase. When restrictions are implemented, both local products and foreign industries lose out.

Therefore, option D is the correct option.

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The​ ________ is an inventory technique that takes into account various operating and financial costs to determine the order quantity for a specific inventory item.

Answers

The answer is the EOQ model

______ is the total accumulation of past budget deficits less surpluses.

Answers

Public Debt is the total accumulation of past budget deficits less surpluses.
Final answer:

The subject of this question is Social Studies, specifically federal deficits and the national debt. A budget deficit occurs when the government's spending exceeds its revenue, and the national debt is the total accumulation of past budget deficits minus surpluses.

Explanation:

The subject you are asking about is Social Studies. Specifically, this question pertains to the study of federal deficits and the national debt.

A budget deficit occurs when the government spends more money than it collects in revenue during a fiscal year. The total accumulation of past budget deficits, subtracted from surpluses, is known as the national debt. This is the sum of all the budget deficits and surpluses over time.

In the United States, the national debt has increased significantly during times of war and recession, such as World War II and the 2008-2009 recession.

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In which form of business is a single individual responsible for the repayment of any debts? proprietorship. corporation. partnership. family-run business?

Answers

In which form of business is a single individual responsible for the repayment of any debts? Proprietorship. In a proprietorship, a sole person owns a business. Because they are the sole owner they are responsible for paying income taxes on profits earned from the business and also repayment of debt. A proprietorship is the simplest business a person can own and operate under. 

Responsibility accounting cannot be used effectively
a.for costs allocated to the responsibility level.
b.when budget data can be developed for evaluating the manager's effectiveness in controlling costs.
c.for costs that can be directly associated with the specific level of responsibility.
d.for costs controllable at the level of responsibility with which they are associated.

Answers

Responsibility accounting cannot be used effectively for costs allocated to the responsibility level. In responsibility accounting explains the accounting performance measurement systems. When related to responsibility accounting, it states that larger organizations make it harder to manage over smaller single organizations to manage. Breaking organizations into smaller segments make it easier to account for and keep manage of. 

An increase in the minimum wage would question 2 options: 1) increase both the quantity demanded and the quantity supplied of labor 2) decrease the quantity of labor demanded while increasing the quantity supplied 3) decrease both the quantity demanded and the quantity supplied of labor 4) increase the quantity of labor demanded while decreasing the quantity supplied save

Answers

i believe it is 4. hope it helps

Disability income insurance will provide income to a disabled or ill person ___________.

Answers

Disability income insurance will provide income to a disabled or ill person with a waiting period before income is received. Commonly, when a person applies for disability income insurance and is taking out money from the government for disability there is a period of waiting. During this period they review all information given and decides whether or not the person applying actually qualifies for the funds they are wanting to receive. Most states have a set time frame they have to wait and also a set time frame of how long people can receive funds for. 

Bernadette took out a loan for $1250 at a 10.8% APR, compounded monthly, to buy a refrigerator. If she will make monthly payments of $85.50 to pay off the loan, which of these expressions could be used to calculate the number of payments she will have to make?

Answers

Answer:

log(85.5/85.5-(1250)(0.009))/log(1+0.009)

Explanation:

exactly how it is. I got it correct

Final answer:

To calculate the number of payments Bernadette will have to make to pay off her loan, we can use the present value formula. By plugging in the values, we find that she will have to make approximately 17 payments.

Explanation:

To calculate the number of payments Bernadette will have to make to pay off her loan, we need to use the present value formula:

PV = PMT × (1 - (1 + r)⁻ⁿ) / r

Where:

PV is the present value of the loan, which is $1250

PMT is the monthly payment, which is $85.50

r is the monthly interest rate, which is 10.8% divided by 12 (0.108 / 12)

n is the number of payments

By rearranging the formula and solving for n, we can find the number of payments:

n = -log(1 - (PV × r) / PMT) / log(1 + r)

Plugging in the values, we get:

n = -log(1 - (1250 × (0.108 / 12)) / 85.50) / log(1 + (0.108 / 12))

Simplifying this equation gives us:

n ≈ 16.57

Therefore, Bernadette will have to make approximately 17 payments to pay off her loan.

what is the term for fees that must be paid to the lender before a check for purchase can be released?
a. home fees
b. nonrecurring fees
c. closing costs
d. recurring fees

Answers

Closing costs, just did it on apex

Answer: CLOSING COST

Explanation: APEX

Other than raw materials and manufacturing overhead, what is the third component of inventories for manufacturing companies?
a. direct labor

Answers

Other than raw materials and manufacturing overhead, what is the third component of inventories for manufacturing companies? 
Materials, manufacturing overhead and direct labor are all components of inventories for manufacturing companies. Manufacturing overhead consists of labor and materials that are used in the manufacturing process. 

Which statement best defines the term copayment? A) It is money a consumer receives after experiencing a loss. B) It is a payment made before a consumer can make a claim. C)It is money paid by a consumer to share the cost of a payout. D) It is a fee paid to an insurance company to purchase coverage.

Answers

The correct answer is C. It is money paid by a consumer to share the cost of a payout.

Copayment is termed as the amount which is fixed which covers a service or being paid by a patient to the provider before the service is being received.

Mostly copayment occurs in insurance companies whereby the insured pays some amount of money before accessing to medical service.

In order to prevent moral hazard bu insurance company they use copayment so as to share the costs of health care.

Answer:

it is money paid by a consumer to share the cost of a payout (c)

Explanation:

Planet company sells a product for $16 per unit, variable cost is $12 per unit, and the total fixed cost is $6,000. What is the break-even point in units?

Answers

Final answer:

The break-even point is 1,500 units.

Explanation:

To calculate the break-even point, we need to find the point where the total cost equals the total revenue. Total cost is the sum of fixed cost and variable cost per unit multiplied by the number of units, while total revenue is the selling price per unit multiplied by the number of units.

In this case, the fixed cost is $6,000, the selling price per unit is $16, and the variable cost per unit is $12. Let x represent the number of units sold. We can set up the equation:

Total cost = Total revenue

$6,000 + $12x = $16x

Solving for x, we get:

$6,000 = $4x

x = $6,000/$4 = 1,500

Therefore, the break-even point is 1,500 units.

Final answer:

To calculate the break-even point for Planet company, the total fixed costs ($6,000) are divided by the contribution margin per unit, calculated as the selling price per unit ($16) minus the variable cost per unit ($12), resulting in a break-even point of 1,500 units.

Explanation:

The student's question pertains to calculating the break-even point for a product that Planet company sells. To find the break-even point in units, you must divide the total fixed costs by the contribution margin per unit, which is the selling price per unit minus the variable cost per unit. In this case, the break-even point in units for the Planet company, which sells the product for $16 per unit, incurs a variable cost of $12 per unit, and has total fixed costs of $6,000, would be calculated as follows:

Total Fixed Costs = $6,000

Selling Price per Unit (SP) = $16

Variable Cost per Unit (VC) = $12

Contribution Margin per Unit (CM) = SP - VC = $16 - $12 = $4

Break-even Point in Units (BEU) = Total Fixed Costs / CM = $6,000 / $4 = 1,500 units

Therefore, Planet company would have to sell 1,500 units of its product to reach the break-even point.

What is the origin of the term “to post” advertisements?

Answers

colonial merchants used to nail posts up
The origin of the term “to post” advertisements is that the colonial merchants used to nail posts up. They use these advertisements for it to be shown or displayed in front of their stores to persuade consumers and buyers.

You mow your​ neighbor's yard and he pays you​ $25. Which function of money does this BEST​ represent?

Answers

You mow your​ neighbor's yard and he pays you​ $25. Which function of money does this BEST​ represent? Medium of exchange. The function of money, medium of exchange, is the exchange of money for a good or service. They are facilitating the transaction by paying the neighbor for the lawn cutting service. 


Answer:

The correct answer is Medium of Exchange.

Explanation:

There are three Functions of Money. One of the function is Medium of Exchange. Second one is the Store of Value and the Third one is Unit of account.

In this example, the function of the money is represented as the Medium of Exchange. One neighbor mow others neighbor's yard and in exchange of this service, the other neighbor paid $25 to that neighbor who did the service of mowing for him.

What strategies can i use with keywords to help narrow down the search results?

Answers

What strategies can I use with keywords to help narrow down the search results? You can use quotation marks around a search phrase, use characters to help search and, you can also search within a specific website. Narrowing down your search helps you only read specifics relating to your searches so that you aren't wasting time reading information that doesn't 100% pertain. It also allows for faster search time and you can accomplish more at a quicker pace. 

Final answer:

To efficiently narrow down search results, use Boolean operators, limit results with advanced search options, and develop effective keywords, revising your strategy if needed.

Explanation:

To narrow down search results using keywords, u user can consider the following strategies:

Use Boolean operators such as AND, OR, and NOT to combine keywords, exclude words, or include synonyms for more precise results.Utilize advanced search options to limit your results to certain domains or to find content with specific usage rights.Develop effective keywords by breaking down your topic into main concepts and considering synonyms or related terms for flexibility.

Part of effective searching is revising your strategy if needed. If initial results are not satisfactory, add more specific words or change the keywords to better match what you're looking for.

The employment potential of the Education and Training career cluster in 2020 compared to other clusters is expected to be

below average.
average.
above average.
the same as 2000.

Answers

Above average as there is an increasing need for instructors, so the answer is C

The employment potential in the Education and Training career cluster is expected to be above average compared to other clusters due to higher growth rates for jobs requiring more education. The correct answer is C.

The employment potential of the Education and Training career cluster in 2020 compared to other clusters is expected to be:

Above average

Higher growth rates are projected for jobs requiring more education

Jobs without degrees may find it more challenging to secure employment

Which choice best describes labor laws passed during the New Deal?

A. Union friendly
B. Neutral towards unions
C. No labor laws were passed during that time period
D. Anti-union

Answers

the answer would be

 A. union-friendly 

because during the new deal labor laws that favored unions were passed 

The reviews editor for a certain scientific journal decides whether the review for any particular book should be short (1–2 pages), medium (3–4 pages), or long (5–6 pages). data on recent reviews indicates that 60% of them are short, 20% are medium, and the other 20% are long. reviews are submitted in either word or latex. for short reviews, 60% are in word, whereas 50% of medium reviews are in word and 20% of long reviews are in word. suppose a recent review is randomly selected.

Answers

Final answer:

The question involves using probability to analyze the distribution of scientific journal reviews by length and format, demonstrating how to calculate combined probabilities for specific characteristics (e.g., a short review submitted in Word).

Explanation:

The question at hand involves the application of probability and statistics to understand the distribution and characteristics of scientific journal reviews based on their length and submission format (Word or LaTeX). Given are percentages describing the distribution of reviews by length and the proportion of these that are submitted in Word format. Specifically, 60% of reviews are short, 20% are medium, and 20% are long. For submission formats, 60% of short reviews, 50% of medium reviews, and 20% of long reviews are submitted in Word.

To calculate the probability that a randomly selected review is both short and submitted in Word, one would multiply the probability of a review being short (0.6) by the probability of a short review being submitted in Word (0.6), resulting in a 36% probability (0.6 * 0.6 = 0.36).

The question allows us to practice combining probabilities from different categories and subcategories, demonstrating the importance of understanding detailed characteristic distributions when analyzing data.

What happens to the surplus payroll taxes generated by social security? the surplus money is deposited into individual workers' personal savings accounts. the surplus money is used to buy u.s. treasury notes. the surplus money is deposited into supplemental retirement accounts for current beneficiaries. the surplus money is deposited into the general fund. none of the above?

Answers

What happens to the surplus payroll taxes generated by social security? The surplus money is used to buy U.S. treasury notes. Payroll taxes are taxes that employers or employees have taken out of their checks. These are a calculated percentage based on what they make or what an employer pays an employee. When extra funds are collective by social security they go into U.S. treasury notes. U.S. treasury notes are issued by the U.S. Treasury and is used as currency.

Which of the 4ps in the marketing mix is most directly related to discounts and allowances of purchased products in a b2b transaction?

Answers

Price. Is one of the 4P's in the marketing mix is most directly related to discounts and allowances of purchased products in a B2B transaction. Due to discounts and allowances having to do with the price of the product or service the business can related to this within the marketing mix. All transactions that have to do with discounting relate to the price of the good or service being sold. 

One of the four Ps of the marketing mix, price, is most closely tied to the discounts and allowances given for goods purchased in a B2B transaction.

What is Business-to-Business (B2B)?

Business-to-business (B2B), sometimes known as B-to-B, is a type of transaction that takes place between businesses. Examples include a transaction between a manufacturer and wholesaler or a wholesaler and a retailer. In contrast to doing business with a single consumer, business-to-business refers to transactions between businesses. The terms "business-to-business" and "business-to-government" refer to different types of transactions.

B2B transactions are also typical for businesses in the auto industry, as well as for housekeeping, property management, and industrial cleanup firms. Business-to-consumer transactions (B2C) are those that take place between a corporation and a single consumer.

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Why is it not useful to look around the room when listening to a speech ?

Answers

Because it’s rude to who u are talking to

Answer:

Looking at other things can cause your mind to make connections leading to another train of thought

Explanation:

The sahara company purchased equipment on january 1, 2015, for $100,000. the equipment had an estimated residual value of $10,000, an estimated useful life of five years, and estimated lifetime output of 18,000 units. in 2016, the company produced 4,400 units and recorded depreciation expense of $22,000. what depreciation method did the company use?

Answers

The company used straight line depreciation based on number of units produced. This can be shown as follows:

Cost = $100,000
Life = 5 years or 18,000 units
Salvage value = $10,000

By straight line method;
Depreciation cost per unit = (100,000-10,000)/18,000 = $5

After producing 4,400 units, depreciation expense = 4,400*5 = $22,000.

Final answer:

The Sahara Company used the units-of-production method for calculating depreciation on their equipment, with a calculated depreciation rate of $5 per unit, resulting in a $22,000 expense for the 4,400 units produced in 2016.

Explanation:

The Sahara Company seems to have used the units-of-production depreciation method when recording the depreciation expense for their equipment. This method allocates the cost of an asset over its useful life based on the number of units it produces. The calculation would involve subtracting the residual value ($10,000) from the cost of the equipment ($100,000) to determine the depreciable base ($90,000), then dividing by the estimated total units of production (18,000 units) to get the depreciation rate per unit.

In 2016, Sahara produced 4,400 units. Using the units-of-production depreciation method, the depreciation expense for that year would be the depreciation rate per unit multiplied by the number of units produced.

If the recorded depreciation expense is $22,000, we can infer that this method was indeed used.

As a confirmation, we can calculate the rate per unit: $90,000 / 18,000 units = $5 per unit.

By multiplying $5 per unit by the number of units produced in 2016 (4,400 units), we get $22,000, which matches the recorded depreciation expense.

Tina's mother and father pay her car insurance as long as she makes good grades. This is an example of which economic concept? A) scarcity B) law of demand C) positive incentive D) negative incentive

Answers

Tina's mother and father pay her car insurance as long as she makes good grades. This is an example of which economic concept? Positive incentive. A positive incentive is a value that is given during the performance of a regular behavior. As long as Tina does what she is supposed to her parent's will continue to pay her car insurance. There is a reward for her doing what she should be doing on her own which is motivating her to continue to do it. 

the answer is C. positive incentive

failure to pay on a mortgage is called

Answers

The failure to pay on a mortgage is default. Basically, the default is the failure to meet legal responsibilities in a contract, including the failure to pay back a loan. A mortgage is considered a default when a payment is late for 30 days or more. 

Answer:

Defualt

Explanation:

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