The probabilities and gain or loss for guessing on a standardized test is shown in the table to the right. Suppose that you eliminate three of the possible six answers. Modify the two probabilities shown by finding the probabilities of guessing correctly and guessing incorrectly under these circumstances. What is the expected point value of a random​ guess? Is it advantageous to guess under these​ circumstances?Outcome Gain or Loss Probability Guess correctly: gain or loss 1 probability 1/6 Guess incorrectly: gain or loss -1/4 probability 5/6