document.write( "Question 473768: 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. \r
\n" ); document.write( "\n" ); document.write( "
\n" ); document.write( "

Algebra.Com's Answer #327845 by cleomenius(959)\"\" \"About 
You can put this solution on YOUR website!
If I am understanding the problem correctly, I would say a fair prize would be half of the collection for the entry fees.\r
\n" ); document.write( "\n" ); document.write( "So, if we give a 50 dollar prize, we would want to collect 100 dollars from 35 people; this would come out to $2.86 a person.\r
\n" ); document.write( "\n" ); document.write( "Cleomenius.
\n" ); document.write( "
\n" );