Questions LLC
Login
or
Sign Up
Ask a New Question
Mathematics
Probability and Statistics
Fairness in competitions
Essay; show all work. A community 5K run will award $50 to the winner. 35 people enter the race, and they each pay an entry fee of $20. Assuming they are all equally likely to win, what is a fair price for the competition? Round to the nearest cent
1 answer
45*20=900 (900-50)/45=18.88 Fair price
You can
ask a new question
or
answer this question
.
Similar Questions
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
Top answer:
To determine a fair price for the competition, we need to consider the total amount collected from
Read more.
A community 5K run will award $50 to the winner. 60 people enter the race, and they each pay an entry fee of $20. Assuming they
Top answer:
expected value= 50*1/60=50/60 is a fair price
Read more.
A community 5K run will award $50 to the winner. 60 people enter the race, and they each pay an entry fee of $20. Assuming they
Top answer:
Random-gain values: 50-20 = 30 ; -20 Probabilities: 1/60 ; 59/60 ----------- E(gain)=
Read more.
A community 5K run will award $ 50 to the winner. 40 people enter the race,and they each pay an entry fee of $20. Assuming thay
Top answer:
If they are all equally likely to win, the fair price is the expected value of the prize, namely
Read more.
1) Which of the following would be most likely to occur if there were no nominating step in American electoral politics?
A) Many
Top answer:
B C B
Read more.
Which sentence includes a dependent clause?(1 point)
Responses The class voted on their favorite project, and the winner received
Top answer:
After practicing for many months, the drama club was ready to perform the play.
Read more.
Which sentence includes a dependent clause?
A. I will begin writing my essay once I have mad an outline. B. The class voted on
Top answer:
D. After practicing for many months, the drama club was ready to perform the play.
Read more.
Which sentence includes a dependent clause? *
The students walked down the hallway and into the auditorium. The class voted on
Which sentence includes a dependent clause?
After practicing for many months, the drama club was ready to perform the play. The
Top answer:
I will begin writing my essay once I have made an outline.
Read more.
Question 6 (Essay Worth 4 points)
(Percentages HC) The table shows the levels of awards based on the amount of money raised for
Top answer:
Part A: Let's say I want to raise $500 for my favorite charity. To determine the percentage of the
Read more.
Related Questions
2.56x10-^2 x 1.95x10^6. show your work
4.82x10^12÷8.03x10-^8. show your work 1.95-1,84.19. show your work 3.2x10^4 x 256.7. show
Which theme is best supported by these lines from The Crossover?
“Filthy, silence doesn’t mean / you have run out of things
Which statement best critiques the winner-take-all electoral process?
a. The winner-take-all process allows political parties to
Which example best illustrates the difference between a community and a population?
A)The two terms are interchangeable, a
Twelve people serve on a board and are considering three alternatives: A, B, and C. The choices followed by vote is shown in
Cause and effect essay on the increasing rate of people with depression in our community.
What is the correct definition of an indentured servant?
Responses someone who agrees to work for a future award someone who
environmental benefits of urbanization the two 1996 award winner discussing how they overcame one of the challenges.
Below are 36 sorted ages of an acting award winner. Find P10 converting a percentile to a data value
17 21 22 22 22 23 24 30 31
Which statement best describes a utopian community?
A. People band together to share resources and duties equally. B. Resources