C. Suppose now the wage equation estimated 15; WAGE = Xb + b,*RISK + random error Again assume that annual wages are $60,000 and that RISK = number of expected fatalities per 10,000 workers per year, and Xb captures the effects of all the other variables (such as age, sex, race, seniority, union membership, etc.) that you included in your model. Suppose that you use a statistical software package to estimate the parameters of your model, and your results indicate that DR = 978. Using the results of your regression model, estimate the willingness-to-pay per statistical fatality avoided. D. Now suppose we estimate: InWAGE = Xb + DR*RISK + random error where InWAGE is now the HOURLY wage rate, and br = 0.10. Assume that workers work 2,000 hours per year and that mean hourly after tax wages are $15.00. Calculate the value of a statistical year of life