Question the candidates in a multiple choice test have to, Ask an Expert

Statistics

Question: The candidates in a multiple choice test have to choose among 4 answers for each question. Each candidate is either entirely ignorant and simply chooses and answer at random, or else is omniscient and knows the right answer for sure. If the proportion of omniscient candidates is 0.18, what is the probability that a candidate who got the answer right in a question was guessing?

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M92583504

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

What is the future value of a 1000 annuity payment over 4

What is the future value of a $1,000 annuity payment over 4 years if the interest rates are 8 percent?

A new computer system will require an initial outlay of

A new computer system will require an initial outlay of $15,500, but it will increase the firm's cash flows by $3,100 a year for each of the next 7 years. How high can the discount rate be before you would reject the pro ...

One sample has n 8 and ss 21 and a second sample has n 8

One sample has n = 8 and SS = 21 and a second sample has n = 8 and SS = 35. What is the pooled variance for the two samples?

Income can have significant effects on peoples spending

Income can have significant effects on people's spending patterns. Research studies have revealed that consumer expenditure is influenced by various factors such as their income, gender, age and level of education. In or ...

A puck company wants to sponsor the players with the 20

A puck company wants to sponsor the players with the 20% quickest goals in hockey games. The times of first goals are normally distributed with a mean of 8.54 minutes and a standard deviation of 4.91 minutes. How fast wo ...

Suppose that the waiting time for a pizza to be delivered

Suppose that the waiting time for a pizza to be delivered to an individual's residence has been found to be normally distributed with a mean of 30 minutes and a standard deviation of 8 minutes. What is the probability th ...

The distance between the y value in the data and the

The distance between the Y value in the data and the predicted Y value from the regression equation is known as the residual. What is the value for the sum of the squared residuals?

The standard deviation of the market-index portfolio is 45

The standard deviation of the market-index portfolio is 45%. Stock A has a beta of 1.20 and a residual standard deviation of 55%. a-1. Calculate the total variance of stock A if its beta is increased by 0.20? (Do not ro ...

Sharon recently invested in real estate with the intention

Sharon recently invested in real estate with the intention of selling the property one year from today. She has modeled the returns on that investment based on three economic scenarios. She believes that if the economy s ...

A nutritional scientist wishes to study the effect of

A nutritional scientist wishes to study the effect of storage time on the amount of vitamin C (milligrams) contained in 50 gram freeze dried fruit packs when stored for one, one and a half and 2 years. Five fruit packs w ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert