Suppose You Are Taking a True-False Test with Ten Questions

question 69

Multiple Choice

Suppose you are taking a true-false test with ten questions. If you guess at the answers on this test, find the probability of getting fewer than nine correct answers. ​

• A) 0.9944
• B) 0.9928
• C) 0.9868
• D) 0.9935
• E) 0.9893

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Definitions:

Indexation

The automatic correction by law or contract of a dollar amount for the effects of inflation

Time Inconsistency

The tendency of people to change their plans or decisions over time in ways that they might not have predicted or considered optimal originally.

Zero Inflation

A situation in which prices remain constant over time, indicating no general increase in the level of prices in an economy.

Nobel Prize

Prestigious awards given annually across various categories, including Peace, Literature, and various sciences, recognizing significant achievements.