The correlation between wages and the probability of encountering a fatal injury while on the jobs can be used to calculate:
A)the value of risk.
B)the value of safety.
C)the value of life.
D)the value of injury.
E)the value of work.

Question

Quizplus · Accepted Answer

The correlation between wages and the probability of encountering a fatal injury while on the job can be used to calculate the value of life. This calculation is important for policymakers to help determine the appropriate level of investment and regulation to ensure worker safety. The value of life refers to the economic value placed on the prevention of a single loss of life.

The Correlation Between Wages and the Probability of Encountering a Fatal