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The probability and gain or loss for guessing on a standardized test is shown in the table to the right. Suppose that you eliminate 3

The probability and gain or loss for guessing on a standardized test is shown in the table to the right. Suppose that you eliminate 3 of the possible 5 answers. Modify the 2 probabilities shown by finding the probabilities of guessing correctly and guessing incorrectly under those circumstances."

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