A Very Short Quiz Has One Multiple Choice Question with Five

question 74

Short Answer

A very short quiz has one multiple choice question with five possible choices (a, b, c, d, e) and one true or false question. Assume you are taking the quiz but do not have any idea what the correct answer is to either question, but you mark an answer anyway.
a.What is the probability that you have given the correct answer to both questions?
b.What is the probability that only one of the two answers is correct?
c.What is the probability that neither answer is correct?
d.What is the probability that only your answer to the multiple choice question is correct?
e.What is the probability that you have only answered the true or false question correctly?

Acknowledge the importance of resilience and adaptability in entrepreneurship.

Recognize the significance of financial management and planning for entrepreneurs.

Understand the role of education and research in supporting entrepreneurship.

Understand the concepts and limitations of the dividend growth model in determining a firm's cost of equity.

---

Definitions:

Operant Conditioning

The technique of modifying the degree of a behavior through the provision of rewards or the imposition of punishments.

Voluntary Behavior

Actions that are under conscious control, as opposed to automatic or reflexive behaviors.

Thorndike's Law

A principle of learning that emphasizes the effect of rewards and punishments on behavior, suggesting that actions followed by positive outcomes are reinforced and more likely to be repeated.

Pleasurable Consequence

A positive outcome or reward that follows a behavior, making it likely that the behavior will be repeated in the future.