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PENNDOT (Pennsylvania Department of Transportation) completed a year-long study of deadly traffic accidents that occurred at the 180/199 interchange north of State College, Pennsylvania. The
PENNDOT (Pennsylvania Department of Transportation) completed a year-long study of deadly traffic accidents that occurred at the 180/199 interchange north of State College, Pennsylvania. The study revealed that 20 people lost their lives. PENNDOT estimates a project to completely redesign and construct the 180/199 interchange is valued at $250 million. Since road projects in Pennsylvania are based on regional budgetary structures, approximately 500,000 Central Pennsylvania taxpayers will incur a one-time tax increase of $100 to offset the total project cost. Using VSL, calculate the dollar amount required to save one statistical life. O $250,000,000 O $2,500,000 O $50,000,000 $12,500,000
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