"The probability and gain or loss for guessing on a standardized test is shown in the table to the right. Suppose that you eliminate 3 of the possible 5 answers. Modify the 2 probabilities shown by finding the probabilities of guessing correctly and guessing incorrectly under those circumstances."

omework: Section 11.8 Homework core: 0 of 1 pt 5 of 10 (7 complete) HW Score: 43.75%, 7 of ( 11.8.9 Question Help The probabilities and gain or loss for guessing on a standardized test is shown in the table to the right. Outcome Gain or Loss | Probab Suppose that you eliminate three of the possible five answers. Modify the two probabilities shown by inding the probabilities of guessing correctly and guessing incorrectly under these circumstances. Guess correctly Guess incorrectly 61 - What is the expected point value of a random guess? Is it advantageous to guess under these circumstances? Choose the correct answer below, and fill in the answer box to complete your choice. Type an integer or a decimal rounded to two decimal places as needed.) O A. The expected point value is , so it is not advantageous to guess. O B. The expected point value is , so it is advantageous to guess. Click to select and enter your answer(s) and then click Check Answer. All parts showing Clear All Check