1. Mr. S.M. Allhands promises his employees a total of $1 million bonus this Chr

Question

1. Mr. S.M. Allhands promises his employees a total of $1 million bonus this Christmas. He did not tell them that he will do this instead of repairing the slippery floor. The cost of repairing the slippery floor in this meat factory and warehouse where the employees work is also $1 million. If the odds of dying is 1 in 200, how much is he valuing the life of an employee if he has 200 employees?

2.Given the previous question, now assume there are 250 employees, how would you answer the previous question?

Explanation / Answer

Solution:

Ans.1. How much each employee get and actually how many employee are there to share the bonus are not given, thus necessary information is not given, the question can not be solved.

Ans.2. Here we are given that there are 250 employees. But how bonus is shared is still not given. Not enought information is given to solve the problem.

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