Question #89668
A multiple choice test awards 1 point for a correct answers and penalizes 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?
1
Expert's answer
2019-05-14T09:07:26-0400

If you have to make a random guess and there are five possible answers, then the expected value of guessing is: 1 - 0.25 - 0.25 - 0.25 - 0.25 = 0 points.


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Place free inquiry
Calculate the price
Learn more about our help with Assignments: Economics of Enterprise

Comments

No comments. Be the first!
Our fields of expertise
Submit Your Assignment. We Can Do It.
LATEST TUTORIALS
APPROVED BY CLIENTS
Finding a professional expert in "partial differential equations" in the advanced level is difficult. You can find this expert in "Assignmentexpert.com" with confidence. Exceptional experts! I appreciate your help. God bless you!
Canada #340153 on Dec 2023