SOLUTION: In a multiple-choice test, each question has four options. Students will get 2 points for each correct answer; lose 1 point for each incorrect answer; and receive no points for un

Algebra ->  Probability-and-statistics -> SOLUTION: In a multiple-choice test, each question has four options. Students will get 2 points for each correct answer; lose 1 point for each incorrect answer; and receive no points for un      Log On


   



Question 455113: In a multiple-choice test, each question has four options. Students will get 2 points for each correct answer; lose 1 point for each incorrect answer; and receive no points for unanswered questions. A student does not know the correct answer for one question. Is it to her advantage or disadvantage to guess an answer?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
In a multiple-choice test, each question has four options. Students will get 2 points for each correct answer; lose 1 point for each incorrect answer; and receive no points for unanswered questions. A student does not know the correct answer for one question. Is it to her advantage or disadvantage to guess an answer?
---
Random point values::::::::::: 2:::::-1:::0
Corresponding probabilities::: 1/4:::3/4::0
----------------------------------------------
Expected Value: (1/4)2 - (3/4)1 + 0 = (1/2)-(3/4) = -1/4 point
-------
The person stands to lose 1/4 point on each problem he/she answers.
--
It's disadvantage to guess.
Cheers,
Stan H.