Question: D Question 3 5 pts On a multiple choice test with 17 questions, each question has four possible answers, one of which is correct. For

D Question 3 5 pts On a multiple choice test with 17 questions, each question has four possible answers, one of which is correct. For students who guess at all answers, find the mean for the number of correct answers. 5.7 questions 4.3 questions O. 12.8 questions 8.5 questions Question 4 5 pts If your score on your next statistics test is converted to a z score, which of these z scores would you prefer? OO O -1.00 O 2.00 O -2.00

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1. Identify your reference point when making a decision based on an element of risk.

3. If there are reasonable alternatives, think about your decisions based on the different reference points and see if there are any contradictions in the decisions.

4. It is only at this point that you can give the problem your full attention in relation to the various ways you have framed the problem.