On a Multiple Choice Test with 17 Questions, Each Question

question 34

Multiple Choice

On a multiple choice test with 17 questions, each question has four possible answers, one of which is correct. For students who guess at all answers, find the mean for the number of correct answers.

• A) 8.5 questions
• B) 12.8 questions
• C) 4.3 questions
• D) 5.7 questions

---

Definitions:

Inventory

The raw materials, work-in-process goods, and completely finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.

Interim Report

A financial statement reported by a company for a period less than one year, often quarterly, that provides updates on its operations and financial status.

Percentage-Of-Completion Method

An accounting method that recognizes revenues and expenses of long-term contracts as a percentage of work completed during the period.