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A student is taking a standardized test consisting of several multiple-choice questions. One point is awarded for each correct answer. Questions left blank neither receive
A student is taking a standardized test consisting of several multiple-choice questions. One point is awarded for each correct answer. Questions left blank neither receive nor lose points. There are seven options for each question and the student is penalized .5 point for each wrong answer. Is it in the student's best interest to guess? explain.
-Determine if it is the best interest of the student to guess and explain your answer using the expected value.
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