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Where the score runs out
In a range game, a range from to that contains the true value scores , and a range that misses scores . A trader's range starts at and contains the true value. What high end makes the score exactly ?
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Hint
Set the score to and solve for the ratio of the ends first.
Solution
- A score of needs .
- That means the ends differ by a factor of , so .
- Hence .
Answer: