Engage your students with effective distance learning resources. ACCESS RESOURCES>>


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.


Fred's Fun Factory
Sounds Really Good! (sort of...)