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OpenStudy (anonymous):
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. on this one need to show the work !! Also the part I do not have figured is the fair price of a ticket.
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OpenStudy (anonymous):
50/60x20=16.66
OpenStudy (anonymous):
thank you!
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