I was giving an exam once. There were 60 questions and all had one correct answer out of four given options. I wasn't able to solve even a single question. So, I decided to guess.
But there was a problem. Professor said every wrong answer would add -1 mark to the final score and every correct answer would add +4 marks to the score. I looked at the exam with amazement and notice in each question professor has set 2 stupid options which were easy to eliminate. I eliminated all the 2 stupid options from all the 60 question.
Then I decided to guess all the 60 questions from the remaining 2 options left from all questions. Assuming that Professor is equally likely to set any of the options A, B, C or D as the correct answer, I did the math and found out I would get marks on average if I decide to guess all the questions. I was delighted.
But I want to know more. I want to find and such that I can be 90% sure that my marks would lie between and .
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Probability of getting a certain number x of questions correct will be 2 6 0 ( x 6 0 ) the number in exponent of denominator is 60
So we can calculate that there is 90% chance that if author decides to guess all questions, x would belong to ( 2 4 , 3 6 )
For 24 questions correct author would score : 24*4-36=60
For 36 questions correct author would score : 36*4-24=120
So our answer is ( 6 0 , 1 2 0 )