SOLUTION: A community 5K run will award $50 the winner. 70 people entered the race and they pay an entry fee of $20. Assuming they are all equally likely to win, what is a fair price for the
Algebra.Com
Question 443581: A community 5K run will award $50 the winner. 70 people entered the race and they 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. Thanks so much
Answer by edjones(8007) (Show Source): You can put this solution on YOUR website!
70x=50
x=$5/7=approx $0.71
.
Ed
RELATED QUESTIONS
Essay; show all work. A community 5K run will award $50 to the winner. 70 people enter... (answered by stanbon)
Essay. Show all work. A community 5k run will award $50 to the winner. 50 people enter... (answered by stanbon)
essay show all work, a community 5k run will award $50 to the winner, 35 people enter the (answered by stanbon)
Essay; show all work. A community 5K run will award $50 to the winner. 65 people enter... (answered by edjones)
. Essay; show all work. A community 5K run will award $50 to the winner. 55 people enter... (answered by stanbon)
Essay; show all work. A community 5K run will award $50 to the winner. 60 people enter... (answered by stanbon)
A community 5K run will award $50 to the winner. 35 people enter the race, and they each... (answered by cleomenius)
A community 5K run will award $50 to the winner. 40 people enter the race, and they each... (answered by jorel1380)
Essay; show all work. A community 5K run will award $50 to the winner. 75 people enter... (answered by stanbon)