I'm trying to come up with a conclusion expressed in cents/mile for the following scenario:
For the first 99 miles I drive, I get reimbursed nothing. Once I drive 100 miles, I get reimbursed 25 cents for all 100 miles ($25). Once I drive anything over 100 miles but less than 200 miles, I still just get paid for 100 miles. Once I drive 200 miles, I get reimbursed 25 cents for all 200 miles ($50). If I drive anything over 200 miles, but less than 300 miles, I still just get paid for 200 miles. This goes on for every 100 mile increment.
Examples:
I drive 99 miles, I get $0
I drive 137 miles, I get $25
I drive 367 miles, I get $75
I drive 780 miles, I get $175
If I drive an infinite number of trips and the probability is random for the miles driven each trip, what am I being reimbursed per mile in cents/mile?
For the first 99 miles I drive, I get reimbursed nothing. Once I drive 100 miles, I get reimbursed 25 cents for all 100 miles ($25). Once I drive anything over 100 miles but less than 200 miles, I still just get paid for 100 miles. Once I drive 200 miles, I get reimbursed 25 cents for all 200 miles ($50). If I drive anything over 200 miles, but less than 300 miles, I still just get paid for 200 miles. This goes on for every 100 mile increment.
Examples:
I drive 99 miles, I get $0
I drive 137 miles, I get $25
I drive 367 miles, I get $75
I drive 780 miles, I get $175
If I drive an infinite number of trips and the probability is random for the miles driven each trip, what am I being reimbursed per mile in cents/mile?