These kinds of GMATPrep experiments are fine, but it's extremely easy to arrive at incorrect conclusions from them, unless you understand how the scoring algorithm works. Some of the conclusions drawn in this thread are not correct, though in some cases it will take me some time to explain why. I'll try to do so over a few posts in the coming days. For example, here:
Vercules wrote:
Analysis/ Conclusion :
Results from 15 tests show that on average an Option 'C' carries a higher probability of being correct and option B carries the lowest. ...
But if you have to guess one or two and you have no idea/ time for the question mark 'C'.
There is a GMAC research report which explicitly states that they control for 'answer position' when designing the GMAT. That is, no one answer choice is right more often than another. I've also verified that independently; looking over more than 1000 official questions, each answer choice is correct roughly equally often.
That said, if you look only at a small sample of questions, one answer choice might appear to be correct more often than another, just because of random variance. If you do a binomial probability calculation, then if each answer choice has a 20% chance to be correct on a random GMAT question, it would not be all that improbable for one answer choice to be correct 13 times on one GMAT Quant test (that should happen on about 2% of tests). Since your samples do not appear to be independent (I assume you were using the same GMATPrep test repeatedly, in which case it would not be surprising to get similar results each time because of question repetition), the most likely explanation for your findings is pure random luck.
But if instead you assume that your finding is meaningful, and that, when guessing randomly at every question, C is the most likely answer to be correct, what would that finding mean? It might seem paradoxical, but it means that test takers who need to guess almost certainly should
not guess C. If you accept (and all the evidence I have confirms this) that each answer is correct about 20% of the time, then if C is the right answer more often when you guess at every question, that means C is more often the right answer
on the absolute easiest questions. For C then to be correct 20% of the time overall, C would need to be correct
less often on the harder questions. And those are the questions people need to guess at.
Even if you don't believe each answer is right 20% of the time, knowing which answer is more often correct on 200-level questions is of no help to test takers unless they'll need to guess at 200-level questions, which almost no one needs to do. So it would not be a relevant finding for most test takers anyway. But all of the evidence I've seen suggests to me that no one answer choice is a better guess than another, if you need to guess purely at random. The best strategy in that case is simply to guess as quickly as possible.