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Standards/Math/Northern Mariana Islands/HSS.MD.B.5

HSS.MD.B.5

HSS.MD.B Use probability to evaluate outcomes of decisions
HSS.MD.B.5
HSS.MD.B.5.aHSS.MD.B.5.b
HSS.MD.B.6
HSS.MD.B.7

Weigh the possible outcomes of a decision by assigning probabilities to payoff values and finding expected values.

HSS.MD.B.5.aFind the expected payoff for a game of chance.HSS.MD.B.5.bEvaluate and compare strategies on the basis of expected values.
Khan Academy Resources
Expected valueFind expected payoffsMaking decisions with expected valuesExpected payoff example: lottery ticketExpected payoff example: protection plan
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