Asked by Steph Dutting on May 10, 2024
Verified
Suppose you are an attorney, and you are defending a client in a wrongful death suit. The deceased was a pilot for an aerial acrobatics team, and the opposing attorney has prepared an an estimate of the value of lost income that includes the mortality rate for all pilots. You should argue that the attorney's estimate of lost earnings is too ________ because the mortality rate for aerial acrobats is ________ than for other types of pilots.
A) low; lower
B) low; higher
C) high; lower
D) high; higher
Mortality Rate
A measure of the number of deaths in a particular population, scaled to the size of that population per unit of time.
Lost Earnings
The income that an individual fails to earn because of unemployment, illness, or other reasons that prevent them from working.
Aerial Acrobats
Performers who execute intricate maneuvers and stunts while suspended in the air, often using equipment like trapezes, ropes, or silks.
- Assess the impact of mortality rates and growth in income on the valuation of lost future earnings.
Verified Answer
JM
Jahni MooreMay 16, 2024
Final Answer :
D
Explanation :
The estimate of lost earnings is too high because the mortality rate for aerial acrobats is higher than for other types of pilots, meaning the expected earnings would be lower due to the increased risk of death.
Learning Objectives
- Assess the impact of mortality rates and growth in income on the valuation of lost future earnings.