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.)   A. The expected point value is ________​, so it is advantageous to guess.   B. The expected point value is ________​, so it is not advantageous to guess.   ​(Type an integer or a decimal rounded to two decimal places as​ needed.)

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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11.8.9
 
 
 
 
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
five
answers. Modify the two probabilities shown by finding the probabilities of guessing correctly and guessing incorrectly under these circumstances.
Outcome
Gain or Loss
Probability
Guess correctly
1
15
Guess incorrectly
−12
45
 
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.)
 
A. The expected point value is ________​, so it is advantageous to guess.
 
B. The expected point value is ________​, so it is not advantageous to guess.
 
​(Type an integer or a decimal rounded to two decimal places as​ needed.)
 
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