On a Multiple Choice Test with 17 Questions, Each Question

question 175

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

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Definitions:

Trade Discount

A reduction in price offered by a seller to a buyer for purposes of increasing sales, typically calculated as a percentage off the list price.

Trade Discount

A deduction from the list price of goods agreed upon by the seller and the buyer, typically offered by suppliers to retailers.

Trade Discount

A reduction granted by a supplier on the list or catalog prices of goods or services, often based on the volume of transactions.

Trade Discount

A reduction in the retail price of goods, granted by the wholesaler or manufacturer to the retailer for the purpose of resale.