Questions: A multiple-choice exam has five possible answers for each question. For each correct answer, you are awarded 5 points. For each incorrect answer, 1 point is subtracted from your score. For answers left blank, no points are added or subtracted. a) If you do not know the correct answer to a particular question, is it to your advantage to guess? Explain. b) If you do not know the correct answer but can eliminate one possible choice, is it to your advantage to guess? Explain. a) Select the correct choice below and, if necessary, fill in the answer box within your choice. A. Yes, it is to your advantage to guess because the expectation is . (Simplify your answer.) B. No, it is a disadvantage to guess because the expectation is . (Simplify your answer.) C. No, it is neither an advantage nor disadvantage to guess because the expectation is 0. b) Select the correct choice below and, if necessary, fill in the answer box within your choice. A. Yes, it is to your advantage to guess because the expectation is . (Simplify your answer.) B. No, it is a disadvantage to guess because the expectation is . (Simplify your answer.) C. No, it is neither an advantage nor disadvantage to guess because the expectation is 0.

Transcript text: A multiple-choice exam has five possible answers for each question. For each correct answer, you are awarded 5 points. For each incorrect answer, 1 point is subtracted from your score For answers left blank, no points are added or subtracted a) If you do not know the correct answer to a particular question, is it to your advantage to guess? Explain. b) If you do not know the correct answer but can eliminate one possible choice, is it to your advantage to guess? Explain. a) Select the correct choice below and, if necessary, fill in the answer box within your choice. A. Yes, it is to your advantage to guess because the expectation is $\square$ (Simplify your answer.) B. No, it is a disadvantage to guess because the expectation is $\square$ (Simplify your answer.) C. No, it is neither an advantage nor disadvantage to guess because the expectation is 0 . b) Select the correct choice below and, if necessary, fill in the answer box within your choice. A. Yes, it is to your advantage to guess because the expectation is $\square$ ]. (Simplify your answer.) B. No, it is a disadvantage to guess because the expectation is $\square$ . (Simplify your answer.) C. No, it is neither an advantage nor disadvantage to guess because the expectation is 0 .