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Break-even fee for opening boxes

Question

One of five boxes contains $150 and the other four are empty. You pay a fixed fee of XX dollars each time you open a box, and you keep opening boxes (in some order) until you find the money. What fee XX makes this a fair game?

Short answer

$50. The money is equally likely to be in the 1st, 2nd, …, 5th box you open, so you pay for 1+2+3+4+55=3\tfrac{1+2+3+4+5}{5}=3 boxes on average. Fairness needs 3X=1503X=150.

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