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You entered an essay contest that awards $5,000 In scholarship money to the top essays....

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Basic Math

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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.

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