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anonymous
 5 years ago
Essay; show all work. 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 are all equally likely to win, what is a fair price for the competition? Round to the nearest cent.
anonymous
 5 years ago
Essay; show all work. 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 are all equally likely to win, what is a fair price for the competition? Round to the nearest cent.

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mathteacher1729
 5 years ago
Best ResponseYou've already chosen the best response.0Fair for who? The people running or the people organizing the race? :p (this is how real life messes with you!)

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0so the phow do i figure the fair price out

mathteacher1729
 5 years ago
Best ResponseYou've already chosen the best response.0Well, they PROBABLY mean "Fair for the participants". I would state this clearly at the beginning of your work. If they mean otherwise, at least your teacher can see where you were going with your work.
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