You enter an online cooking tournament. The entry fee is $16, and the entrants make the recipes at home and vote for their favorite, which cannot be their own recipe. The top 3 finishers win money. First place wins $58, and second place wins $47. Third place wins $5. 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.

Which scenarios are most effectively explored by conducting an experiment? there is more than one correct answer. select all that apply. researchers want to study the effectiveness of a particular drug for treating migraines. they want to know which dosage of the drug yields the best results with the least side effects. to ensure fair results, the researchers want to ensure that participants and dosage administrators do not know which dosage participants receive. a teacher wants to plan a class fieldtrip and quickly determine where students prefer to go for the class fieldtrip. a car mechanic wants to know which of two engine brands makes better-performing engines. he wants to test the engines in identical situations and rate their performance in a way that can be fairly measured. a chemist studies the properties of a metal compound. she wants to know how the sample size of the metal affects its ability to conduct electricity. she wants to conduct the research in a controlled environment to minimize bias. a realty company wants to know the average income of its clients. the company wants to gather data income from current clients.