Mathematics, 08.03.2021 22:30, brillamontijo
You enter an online Esports tournament. The entry fee is $16, and the top 3 finishers win money. First place wins $317. Second place wins $234. Third place wins $175. You give yourself an X chance of finishing in the top 3, and if you finish top 3, then you have an equal chance of finishing first, second, or third. What is X such that entering this tournament is a fair gamble for you. A fair gamble is one where the expected value of entering the tournament is $0.
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You enter an online Esports tournament. The entry fee is $16, and the top 3 finishers win money. Fir...
Mathematics, 04.02.2020 14:53