The probabilities and gain or loss for guessing on a standardized test is shown in the table to the right. Suppose that you eliminate one of the possible six answers. Modify the two probabilities shown by finding the probabilities of guessing correctly and guessing incorrectly under these circumstances. Outcome Guess correctly Gain or Loss Probability 1 5 Guess incorrectly 3 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.) ○ A. The expected point value is so it is advantageous to guess. OB. The expected point value is so it is not advantageous to guess.

The probabilities and gain or loss for guessing on a standardized test is shown in the table to the right. Suppose that you eliminate one of the possible six answers. Modify the two probabilities shown by finding the probabilities of guessing correctly and guessing incorrectly under these circumstances. Outcome Guess correctly Gain or Loss Probability 1 5 Guess incorrectly 3 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.) ○ A. The expected point value is so it is advantageous to guess. OB. The expected point value is so it is not advantageous to guess.

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter8: Sequences, Series,and Probability

Section: Chapter Questions

Problem 18T: You attend a karaoke night and hope to hear your favorite song. The karaoke song book has 300...

See similar textbooks