# Valuation of a Statistical Life: Compute the VSLs for the various scenarios below.

Valuation of a Statistical Life: Compute the VSLs for the various scenarios below.

a. A neighborhood of 10 houses collectively decides to have radon checks for each house, which cost \$20 per house and will reduce chance of radon poisoning death by 0.01%

b. Bill works as an accountant making \$50,000 per year. Kelly works as a welder making \$75,000 per year. Bill is also a skilled welder, while Kelly also has a CPA license. Kelly is 0.002% more likely to die on the job.

c. After performing a Hedonic Pricing study it is found that for every 1% reduction in mortality risk from air pollution, that a house rises in price by \$10,000.

d. A company spends \$1,000,000 annually to scrub particulate matter from their smoke stacks before their emissions are sent into the regional air stock. The subsequent reduction in particulate matter reduces the regional mortality rate from 1 person in 100,000 to 1 person in 200,000.

e. Suppose that the additional cost of all cigarette taxes in a given year is \$1,000,000,000. It is estimated that cigarette taxes reduce the take-up rate of cigarette smoking from 1 person in 10 to 1 person in 25.

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.