subject
Mathematics, 21.10.2020 17:01 kiddshay8232

You enter an online cooking tournament. The entry fee is $20, and the entrants make the recipes at home and vote for their favorite, which cannot be their own recipe. The top 2 finishers win money. First place wins $57, and second place wins $46. You give yourself an X chance of finishing in the top 2, and if you finish top 2, then you have an equal chance of finishing first or second. What is X such that entering this tournament is a fair gamble for you as an expected value maximizer (i. e., Expected value of entering the tournament is $0). Enter your answer to 4 decimal places.

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 12:30
On the way home from visiting his family, vincent’s plane cruised at an altitude of 3.2 × 104 feet. he had heard that a man named felix baumgartner skydived from an altitude of 1.28 × 105 feet. vincent wants to know how much higher felix went on his skydiving trip. question 1 you have already seen how adding numbers works in either scientific notation or standard notation. but can you subtract numbers in scientific notation and get the same results as subtracting in standard notation? to find out, first solve vincent’s problem in standard notation. part a write the cruising altitude of vincent’s plane in standard notation.
Answers: 3
question
Mathematics, 21.06.2019 23:00
Astore sells 4 apples for $3 and 3 oranges for $4 if pete buys 12 apples and 12 oranges how much will it cost
Answers: 1
question
Mathematics, 21.06.2019 23:00
The angles in a triangle are represented by 5x, 8x, and 2x+9. what is the value of ? a.10.8 b.11.4 c.9.7 d.7.2
Answers: 2
question
Mathematics, 21.06.2019 23:40
Rounded to the nearest tenth, what is the value of x
Answers: 1
You know the right answer?
You enter an online cooking tournament. The entry fee is $20, and the entrants make the recipes at h...
Questions
question
Mathematics, 29.03.2021 17:50
question
Mathematics, 29.03.2021 17:50
question
Advanced Placement (AP), 29.03.2021 17:50
question
Mathematics, 29.03.2021 17:50
question
Mathematics, 29.03.2021 17:50
Questions on the website: 13722362