In a writing competition, the first place winner receives of the prize money The second runner up receives of what the winner won What was the total amount of prize money distributed if the winner receives $6,000 ...

Let P represent the total prize money Then the winner gets 12 of P or P2 The second runner up gets 1 ...

In a writing competition, the first place winner receives of the prize money. The second runner

Fantastic news! We've Found the answer you've been seeking!

Question:

In a writing competition, the first place winner receives ½ of the prize money. The second runner up receives ¼ of what the winner won. What was the total amount of prize money distributed if the winner receives $6,000?

Related Book For answer-question

Fundamentals of Statistics

ISBN: 978-0321844606

4th edition

Authors: Michael Sullivan

See More Books

Posted Date: Mar 26, 2022 07:54 AM

See More Questions

The following time-series plot shows the prize money (in pounds) awarded at the Wimbledon Tennis Championship to the winners of the mens singles and ladies singles competitions from 1995 through...
A lottery prize gives the winner a choice between (1) $10,000 now and another $10,000 in 5 years, or (2) four $6700 paymentsnow and in 5, 10, and 15 years. a. Which alternative should the winner...
In A Bend in the River, Nobel Prize winner V. S. Naipaul describes an underdeveloped country in which the government's constantly changing tax policies and vague laws regarding ownership of property...
How are Recovery Audit Contractors paid? Question 23 options: RACs are reimbursed $100,000 annually RACs are reimbursed on a contingency-based system RACs are paid on a contract basis RACs are not...
Following are selected ï¬nancial data (expressed in millions) for Blaske Company for 2008 and 2009. Required: (a) Compute Blaskes long-term debt to equity and times-interest earned ratios...
What are the six main branches of accounting?
With reference to the Example 3 concerning improvements in the safety of an ignitor, the time to reach maximum pressure was also recorded. Two replicates were run of the factorial design and the...
North Pole Fishing Equipment Corporation and South Pole Fishing Equipment Corporation would have identical equity betas of 1.10 if both were all equity financed. The market value information for each...
Make report based on productivity commission report and annual report of reject shop.(productivity commission research report- retail cost of doing business in australia september 2014 )please only...
Review the calculations for The Diamond Ridge Golf Course example discussed in the chapter. 1. Based on these calculations, is there any good-will value? If so, how much? 2. How did you make this...
We have talked about the importance of getting to know people in the community in order to build relationships and trust with police. When police are on a call for service (threats complaint,...
Explain, giving a suitable example in each case, how management accounting may serve the purposes of: (a) directing attention ; (b) keeping the score ; and (c) solving problems .
Describe, and explain each stage of, the cycle of profit planning and control .
In Problems 20-52: a. State the type; and $\mathbf{b}$. Answer the question. What is the future value of $\$ 9,000$ invested for 4 years at $20 \%$ compounded monthly?
Melissa agrees to contribute $\$ 500$ to the alumni fund at the end of each year for the next 5 years. Shannon wants to match Melissa's gift, but she wants to make a lump-sum contribution. If the...
Find the present value of the ordinary annuities in Problems 21-32. Amount of Deposit m 21. $500 Frequency n annually Rate r 8% Time t 30 yr
Consider the following code: public class Test { public static void main(String[] args) { } Object a1= new A(); Object a2 = new Object(); System.out.println(al); System.out.println(a2); } class A (...
A researcher reports a significant two-way between-subjects ANOVA, F(3, 40) = 2.96. State the decision to retain or reject the null hypothesis for this test.
The following data represent the age Of U.S. presidents on their respective inauguration days(through Barack Obama). (a) Find the five-number summary (b) Construct a boxplot. (c) Comment on the shape...
According to the Pew Research Center, the proportion of the American population who use only a cellular telephone (no land line) is 0.37. Jason conducts a survey of thirty 20- to 24-year-olds who...
Refer to the contingency table in Problem 18 that relates number of speeding tickets and gender. Determine P(female) and P(female|1 ticket). Are the events 1 ticket and femaleindependent? 97 71 168...
A construction contract differs from contracts that we generally deal with that focus on an easily defined physical object because the physical object can be examined. How is the object of a...
What does the owner contribute to the project and what does the contractor contribute to the project?
The construction schedule is the only project document that fully communicates the contractor's intentions for delivering the contracted scope of services over the full course of the project...

In a writing competition, the first place winner receives of the prize money. The second runner

Question:

In a writing competition, the first place winner receives ½ of the prize money. The second runner up receives ¼ of what the winner won. What was the total amount of prize money distributed if the winner receives $6,000?

Expert Answer:

Let P represent the total prize money Then the winner gets 12 of P or P2 The second runner up gets 1... View the full answer

Fundamentals of Statistics

Students also viewed these mathematics questions