Thursday
April 24, 2014

Homework Help: Math/Statistics

Posted by Rodney on Sunday, May 1, 2011 at 5:12pm.

A community 5K run will award $50 to the winner. 50 people enter the race, and they each pay an entry fee of $20.00. Assuming they are all equally likely to win , what is a fair price for the competition?

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