Calculate the annual vsl for avoiding wreck

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Question: The annual risk of a fatal injury when driving without wearing a seatbelt is 2.9 per million drivers. Seatbelts reduce the risk of fatal injuries by 66%. If seatbelts cost USD $30 total and needs to be replaced every 5 years, calculate the annual VSL for avoiding wreck related deaths. You can assume that the interest (discount) rate is 7%.

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Reference no: EM133322248

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