Question: You are taking a multiple-choice test that awards you one point for a correct answer and penalizes you 0.25 points for an incorrect answer. If
You are taking a multiple-choice test that awards you one point for a correct answer and penalizes you 0.25 points for an incorrect answer. If you have to make a random guess and there are five possible answers, what is the expected value of guessing? [the expected value of a random variable that can take on two values (x1,x2) with probabilities (p,1-p) is E(X)= (p*(x1)) + ((1-p)*(x2)). In this case, p represents the chance of getting a correct answer, while x1 and x2 refer to the possible points].
| A. | 0.5 | |
| B. | 0.25 | |
| C. | -0.25 | |
| D. | 0 |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
