G.PR.10.8
Compare the payoff values associated with the probability distribution for a random variable and make informed decisions based on expected value and measures of variability.
Example Problems
A fair coin is flipped 5 times. Let be the number of heads. What is the expected value of ?
In a game you roll a fair six-sided die. You receive (3 times the number showing) dollars minus 5 dollars. What is the expected payout?
A photocopier has a chance of breaking this month, which would cost to repair; otherwise, there is no repair cost. What is the expected repair cost for the month?
Khan Academy ResourcesInterpret expected valueDevelop probability distributions: Empirical probabilitiesDevelop probability distributions: Theoretical probabilitiesMean (expected value) of a discrete random variableInterpreting expected valueTheoretical probability distribution example: tablesMean (expected value) of a discrete random variableTheoretical probability distribution example: multiplicationProbability distributions from empirical data

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