MA.912.LT.2.7

Solve problems involving optimal strategies in Game Theory.

Example Problems
A simple coin‑flip wager costs $5 to play. If the coin lands heads, the player receives $12 (net gain +$7); if it lands tails, the player receives nothing (net gain –$5).

Let
represent the player's net gain on one flip.
Calculate the expected net gain
.
A charity conducts a raffle selling exactly 1,000 tickets at $5 each. Prizes are allocated as follows: one $1,000 prize, ten $50 prizes, and twenty $20 prizes. Each ticket can win at most one prize.

Let
represent the net gain for a person holding a single ticket (remember to subtract the $5 ticket cost).
Calculate the
expected net gain .
A carnival booth offers a card‑draw game. A player pays and draws one card at random from a standard 52‑card deck:

• Drawing an Ace wins
.
• Drawing any face card (Jack, Queen, or King) wins
.
• All other cards win nothing.

Let
represent the player's net gain on one draw.
Calculate the
expected net gain .
Goblins

1-on-1 AI tutoring aligned to MA.912.LT.2.7. Instant help for students, real-time insights for teachers.

Used in classrooms by 100,000+ students at Baltimore County, Plano ISD, Deer Valley USD, KIPP, and districts nationwide.

Free for teachers, forever →