Suppose 1 in 80 workers die on the job each year in Copper's Coal Mine, while 1 in 75 workers die on the job each year in Silver Creek Coal Mine.Moreover, the average salary is $70,000 at Copper's Coal Mile and is $72,000 at Silver Creek Coal Mine.Given this information, what is the implied statistical value of a life of a miner?
A) $2,000
B) $70,000
C) $480,000
D) $1,200,000
E) $2,400,000
Correct Answer:
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