cornor is a recent graduate of the police academy.he is deciding beween taking a position as a police officer in a large urban center where the probability of being killed is 2% and taking a similar position in small rural area where it is 1%.cornors preference is given by u(w,p)= √w/100p, where w is the annual salary and p is the probability of death. The police force in small rural community is 30000 per year. what is the lowest salary the urban police must pay to the cornor so that he will accept the job?
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cornor is a recent graduate of the police academy.he is deciding beween taking a position as a police officer in a large urban center where the probability of being killed is 2% and taking a similar position in small rural area where it is 1%. cornors preference is given by u (w, p) = √w / 100p, where w is the annual salary and p is the probability of death. The police force in small rural community is 30000 per year. What is the lowest salary the urban police must pay to the cornor so that he will accept the job?
Explanation:
3000
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