The value of life is an economic value used to quantify the benefit of avoiding death. It is also referred to as the cost of life, a value of preventing death and implied a cost of preventing a fatality.
In this problem, the value of life is the earning potential of a given person. The average salary of space-x pilots is $115,000, while for the subspace glider pilots is $109,000. Given this information, the implied statistical value of a life of a pilot is a. $120,000. It is the amount from the choices with the nearest value.
