Suppose a Young Girl Answers Correctly on 37 Questions from a 50-Item

question 63

Multiple Choice

Suppose a young girl answers correctly on 37 questions from a 50-item test but answers erroneously on 9 questions, leaving 2 questions blank. Suppose their are four alternatives per question. Using established principles of probability, what would be her corrected score?

• A) 32
• B) 34
• C) 36
• D) 37

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Definitions:

Risk-loving

A preference for options with uncertain outcomes, rather than those with more predictable results, often with the hope of higher rewards.

Marginal Utility

The supplementary enjoyment or value obtained by consuming another unit of a good or service.

Disability Insurance

A type of insurance that provides financial support to individuals who cannot work due to a disability.

Expected Utility

The anticipated satisfaction or value derived from a decision, taking into account the probabilities of different outcomes.