document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=489136>Question 489136</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 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 they are all equally likely to win, what is a fair price for the competition? Round to the nearest cent.  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #333550 by </B><A HREF=/tutors/aboutme.mpl?userid=jorel1380><B>jorel1380(3719)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jorel1380><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=jorel1380><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=333550\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> $50/40=$1.25<BR>\n" );
document.write( "Since they are all equally likely to win, the expected payout is $1.25, which is the fair price they should each be expected to pay.. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );