Answer:
Option 4 - 0.8508
Explanation:
Given : A multiple choice test consists of 60 questions. Each question has 4 possible answers of which one is correct. If all answers are random guesses.
To find : Estimate the probability of getting at least 20% correct ?
Solution :
20% correct out of 60,
i.e.

Minimum of 12 correct out of 60 i.e. x=12
Each question has 4 possible answers of which one is correct.
i.e. probability of answering question correctly is

Total question n=60.
Using a binomial distribution,

![P(X\geq 12)=1-[P(X=0)+P(X=1)+P(X=0)+P(X=1)+P(X=2)+P(X=3)+P(X=4)+P(X=5)+P(X=6)+P(X=7)+P(X=8)+P(X=9)+P(X=10)+P(X=11)]](https://img.qammunity.org/2020/formulas/mathematics/high-school/76ggsputyg4jq7lcn679xeww7r4z3hr665.png)
![P(X\geq 12)=1- [^(60)C_0(0.25)^0(1-0.25)+^(60-0)+^(60)C_1(0.25)^1(1-0.25)^(60-1)+^(60-1)+^(60)C_2(0.25)^2(1-0.25)^(60-2)+^(60)C_3(0.25)^3(1-0.25)^(60-3)+^(60)C_4(0.25)^4(1-0.25)^(60-4)+^(60)C_5(0.25)^5(1-0.25)^(60-5)+^(60)C_6(0.25)^6(1-0.25)^(60-6)+^(60)C_7(0.25)^7(1-0.25)^(60-7)+^(60)C_8(0.25)^8(1-0.25)^(60-8)+^(60)C_9(0.25)^9(1-0.25)^(60-9)+^(60)C_(10)(0.25)^(10)(1-0.25)^(60-10)+^(60)C_(11)(0.25)^(11)(1-0.25)^(60-11)]](https://img.qammunity.org/2020/formulas/mathematics/high-school/d43aprd8g624ynl2d2qwe7b5n6iqqqlw9v.png)

Therefore, option 4 is correct.