A Test Consists of 10 Multiple Choice Questions, Each with Five

question 48

Multiple Choice

A test consists of 10 multiple choice questions, each with five possible answers, one of which is correct. To pass the test a student must get 60% or better on the test. If a student randomly guesses, what is the probability that
The student will pass the test?

• A)0.006
• B)0.060
• C)0.377
• D)0.205

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Definitions:

Blue-money Income

Informal term possibly referring to income earned in a foreign or stronger currency, or income derived from questionable or illegal activities.

Competitive Market

A market structure characterized by many buyers and sellers, free entry and exit, and a product for which each unit is identical to every other unit.

Coconuts

Tropical fruits or nuts known for their water, milk, oil, and meat, and often used as examples in economic models.

Fish

Aquatic vertebrates that are typically covered with scales and equipped with fins for swimming.