Members of the notorious drug gang Foggy Bottom 7 (FB7) earn $30,000 per year and have an annual 3% chance of being killed when there is no drug war. Alternatively they could work at Dunkin Doughnuts for $8 per hour, or 16,000 per year with a 1% annual death rate. Based on this, the value that FB7 place on their lives is $__________ Show how your arrived at this answer below:6b.

During a drug war the annual probability of death rises to 6%. Based on this information, Big Tom, head of FB7 needs to raise pay of gang members to $__ per year.Show how your arrived at this answer below: