Complicated Probability Problem
Edit: This is NOT a homework question! It is a real life math problem. I have this exact situation coming up. I have not taken many math courses and don't know how to solve it. Please help!
There are 70 possible questions for a upcoming exam known in advance. I must solve the questions before the exam and memorise the solutions.
Of these 70 questions the professor will pick 12, of these 12, I will need to answer 8.
If I skip solving 4 questions pre-exam, it won't matter because I am allowed to skip 4 on the exam.
But if I skip solving 5 questions on the exam, what is the likelihood that all 5 of these will be included in the 12?
If I skip 6 what is the likelihood that at least 5 of these will be in the 12?
If I skip 10 what is the likelihood that at least 5 of these will be in the 12?
How many questions can I skip before it becomes relatively likely that I won't be able to answer 8 of 12?