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Assume you are taking a multiple-choice exam that contains 10 questions. Each qu

ID: 3129346 • Letter: A

Question

Assume you are taking a multiple-choice exam that contains 10 questions. Each question has 5 possible answers. You are a good student, and are confident about your answers to 7 of the 10 questions. You have a 0 .96probability that you answered correctly on each of these 7 questions. You are clueless about the remaining 3 questions, and randomly chose answers for these 3 questions.

• Assume each correct question is worth 1 point, and each incorrect question is worth 0 points. What is the expected value of your score on the exam?

• Assume each correct question is worth 1 point, and each incorrect question is worth 0 .25 points. What is the expected value of your score on the exam?

Explanation / Answer

7 qns right and 3 wrong

Prob for a guess to be right = 1/5

wrong = 4/5

R,W = (7,3) (8,2) (9,1) (10,0)

Prob 0.512 0.384 0.096 0.008

Marks 7 8 9 10

Marks*p 3.584 3.072 0.864 0.08 Total 7.6

Expected score =7.60

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If negative mark is there 3 questions unknown may be right or wrong.

R,W = (7,3) (8,2) (9,1) (10,0)

Prob 0.512 0.384 0.096 0.008

Marks 6.25 7.50 8.75 10

Marks*p 3.2 2.88 0.756 0.08 Total 6.916

Expected score =6.916

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