Rise Quizzes for LMS

Hello, I have similar questions about Rise.  We have a Course with a quiz at the end. It is set to Unlimited attempts, but passing is not required to continue. We are trying to interpret the interaction reports that we get out of SCORMCloud. We're having trouble understanding the results - for instance, when SCORMCloud says that 70% got an item correct, does that mean 70% got it right the first time?

So I'll start by asking - how do you recommend we set the Quiz settings in Rise to get the user experience we want and to get the reports we want.

For the user experience, we want people to have multiple attempts at each question, but to see the correct answer after a certain number of tries, say, two tries. 

Then in the reports, we want to be able to see for each learner and each item what they answered in each attempt, and whether they answered the item correctly before moving on to the next item.

We also need to see a summary report, that includes information such as the average number of attempts for each item.

The attached screenshot shows how I think we need to set the quiz settings. Can you tell me if that's correct, or if it's not correct, correct me?

Thanks,

-Tom