You entered an essay contest that awards $5,000 In

Last updated: 7/20/2022

You entered an essay contest that awards $5,000 In scholarship money to the top essays. The contest scholarship award has an expected value of $12. Which statement is true? If you enter an essay in one contest, you will earn $12 for submitting your essay. If you enter many similar contests competing against equally talented writers, you are likely to earn $12 per contest. If you enter many similar contests competing against equally talented writers, you will certainly earn $12 per contest. If you enter an essay in one contest, you might earn $12 for submitting your essay.