Question: You take a 100 question multiple choice exam. There are 5 choices per question. You can eliminate 1 choice. You guess. If you are correct,
You take a 100 question multiple choice exam. There are 5 choices per question. You can eliminate 1 choice. You guess. If you are correct, you earn 2 points; if you are incorrect you lose 1 point.
What is your expected value?Enter your answer as a decimal.
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