6. Mr. P. Murt is building a skyscraper in New York. Mr. Murt owns the construction agency that will work on the building. Despite his engineers' advice to have the cranes and other machineries replaced since they are very old, Mr. Murt refuses to do so and just asks them to keep them maintained. In order to get them to remain quiet. he sets aside $5 million to give to all the construction employees and he calls them a bonus for the project. If the probability of dying using the old equipment is 1 in 200, (a) Based on the info given how is he valuing the statistical life of a construction employee that he employs? (b) Now assume there are 1,000 employees, bonus to be divided equally. how is he valuing one statistical life? (c) now assume 2,000 employees (same bonus pot and odds of dying) how is he valuing one statistical life? Botius divided equally. (d) Continuing to assume 2,000 employees now assume a pot of 10 million and odds of dying at 1 in 100. What is the value of 1 statistical life? Bonus divided equally. (e) Continuing to assume 2,000 employees now assume a pot of 15 million and odds of dying at 1 in 300. What is the value of 1 statistical life? Bonus divided equally