A Very Short Quiz Has One Multiple Choice Question with Five

question 74

Short Answer

A very short quiz has one multiple choice question with five possible choices (a, b, c, d, e) and one true or false question. Assume you are taking the quiz but do not have any idea what the correct answer is to either question, but you mark an answer anyway.
a.What is the probability that you have given the correct answer to both questions?
b.What is the probability that only one of the two answers is correct?
c.What is the probability that neither answer is correct?
d.What is the probability that only your answer to the multiple choice question is correct?
e.What is the probability that you have only answered the true or false question correctly?

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Definitions:

Bank Checking Account

A bank account that allows individuals and businesses to deposit money and withdraw funds, which can be accessed using checks, automated teller machines (ATMs), and electronic debits.

Cash Equivalents

Highly liquid investments that are usually reported with cash on the balance sheet.

Petty Cash Receipts

Petty Cash Receipts are documents that record small cash payments made from a petty cash fund, used for minor or incidental expenses.

Petty Cash Account

A small amount of cash on hand used for paying expenses too small to merit writing a check.