If a Student Randomly Guesses at 20 Multiple-Choice Questions, Find

question 13

Multiple Choice

If a student randomly guesses at 20 multiple-choice questions, find the probability that the student gets exactly four correct. Each question has four possible choices.

• A) 0.085
• B) 0.218
• C) 0.190
• D) 0.162

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Definitions:

Market Share

The portion of a market controlled by a particular company or product.

Legal Business Form

The legal structure of an organization defined during registration, such as sole proprietorship, partnership, corporation, or LLC.

Company Objectives

The clearly defined targets or goals that a business aims to achieve over a specific period of time.

Business Plan

A detailed document outlining the strategy, objectives, market analysis, financial forecasts, and operational structures for a new or existing business.