A Certain Type of Injury Has Tangible Costs of $40,000

question 36

Essay

A certain type of injury has tangible costs of $40,000 per occurrence and intangible costs of $150,000 per occurrence.Injury frequency is .05 per year but would be reducible to .01 per year with the installation of a new guarding system.Calculate the annual benefit the new system provide.

---

Definitions:

Phenol

A toxic, acidic compound with a hydroxyl group (-OH) bonded directly to an aromatic hydrocarbon group.

Cyclopentanol

A cyclic alcohol with the molecular formula C5H10O, consisting of a five-membered ring with a hydroxyl group attached.

Phenols

Organic compounds consisting of a hydroxyl group (-OH) attached directly to an aromatic hydrocarbon group.

Acidity

Refers to the measure of a substance's ability to donate a proton or accept an electron pair in chemical reactions.