To have students self-grade in Canvas, you have to create a Multiple-Choice Quiz whose Options are set to "Vary points by answer." Then, how I do it is, I make the options for the multiple-choice quiz percentage grades: Students answer, "I earned a(n) ..." and can choose ___A (95+%), A- (92%), ____B+ (89%), etc. Next to the choice, vary the points to 100 points, 92 points, 89 points, etc., so that--effectively--students complete quizzes that are set so that the choice they choose is also a value that is used to grade the quiz/students and appear in Grades. I have that quiz the only assignment that has points. Therefore the quiz, of 100 points, also counts toward 100% of the final grade calculation.
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