[blacksmythe]

A more relevant way to look at risk is reduction of life expectancy.

If your adult life expectancy is 78 years old (http://www.worldlifeexpectancy.com/your-life-expectancy-by-a...) and a hot dog a day gave you a 1% chance of dying at a median age of 52, that would be a life expectancy reduction of 3 months for eating a hot dog a day. If it were a 1% chance of dying at a median age of 69, that would be a 1 month life expectancy reduction.