A Multiple Choice Exam Offers Four Choices for Each Question

question 23

Multiple Choice

A multiple choice exam offers four choices for each question. Paul just guesses the answers, so he has probability 1/4 of getting any one answer right.
Paul's guess on any one question gives no information about his guess on any other question. The statistical term for this is

• A) absence of bias.
• B) absence of confounding.
• C) law of large numbers.
• D) independence.
• E) expected value.

---

Definitions:

Sales Narrative

A compelling story or explanation designed to sell a product or service, highlighting its benefits and aligning with the customer's needs.

Mutual Fund

An investment vehicle made up of a pool of money collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments, and other assets.

Joint Probability

The probability of two or more events happening at the same time.

Equity Loan

A type of loan in which the borrower uses the equity of their home as collateral.