Question

A contest is being held at an auction where the people with the top 2 closest guesses for the price of a painting each win$250. Assume forty people get to guess with each guess being different from each other. If Ron and Jason guess at theauction, what are the chances that Ron has the closest guess and Jason has the second closest guess?• Write your answer as an exact fraction which is reduced as much as possible.

Answer 1

The chance of each one of them guessing right is:

`(1)/(40)`

Therefore, the chance of both of them guessing right is:

`(1)/(40)\cdot(1)/(40)=(1)/(160)`