SOLUTION: A community 5k run will award $50.00 to the winner. 65 people entered and paid a $20.00 entry fee. Assuming they all are equally likely to win, what is the expected value and fair
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Question 461308: A community 5k run will award $50.00 to the winner. 65 people entered and paid a $20.00 entry fee. Assuming they all are equally likely to win, what is the expected value and fair price for the competition. round to the nearest cent. Answer by jorel1380(3719) (Show Source):
