Examples, solutions, videos and lessons to help High School students learn how to weigh
the possible outcomes of a decision by assigning probabilities to
payoff values and finding expected values.
A. Find the expected payoff for a game of chance. For example, find the expected winnings from a state lottery ticket or a game at a fast-food restaurant.
B. Evaluate and compare strategies on the basis of expected values. For example, compare a high-deductible versus a low-deductible automobile insurance policy using various, but reasonable, chances of having a minor or a major accident.
Common Core: HSS-MD.A.5Expected Value
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