On a standardized test, each question has 4 possible responses, but only one correct answer. In order to account for possible guessing, you will only be deducted 1/3 of a point if you guess incorrectly. If you guess on one of these questions and the question is worth 1 point, what is your expected value? Number points

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A: It is an important part of statistics. It is widely used.

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A: Answer:- Given A quiz consists of 10 multiple-choice questions, each with 5 possible answers. So,…

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A: The amount for a lottery ticket is $20.