The given information states that the probability of a true answer on each question is 0.2, denoted as p(true) = 0.2. To interpret the likelihood that the first question will be true, we can consider the following options:

Likely the likelihood of the first question being true is likely because the probability of a true answer is 0.2. This means that out of every 10 questions, approximately 2 of them would be true.
Unlikely the likelihood of the first question being true is unlikely because the probability of a true answer is 0.2. This means that out of every 10 questions, approximately 2 of them would be true.
Equally likely and unlikely the likelihood of the first question being true is both likely and unlikely. This interpretation suggests that the probability of a true answer is neither high nor low, but somewhere in between.
This value is not possible to represent the probability of a chance event. This statement is incorrect because the value 0.2 can represent the probability of a chance event. In this case, it represents the probability of the first question being true. Based on the given information, the most accurate interpretation is that the likelihood of the first question being true is likely because the probability of a true answer is 0.2, which is relatively high.
a) Likely
b) Unlikely
c) Equally likely and unlikely
d) Not possible to represent