Question
A multiple choice test consists of eight questions, each of which has five choices. Each question has exactly one correct answer. William guesses randomly at
A multiple choice test consists of eight questions, each of which has five choices. Each question has exactly one correct answer.
William guesses randomly at each answer. What is the probability that he gets six or fewer questions correct? (Round your answer to four decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
An Introduction to the Mathematics of Financial Derivatives
Authors: Ali Hirsa, Salih N. Neftci
3rd edition
012384682X, 978-0123846822
