AM.DPSR.2: Solve problems involving probability and probability models, and use expected value to make informed decisions in real-world situations.

Solve problems involving probability and probability models, and use expected value to make informed decisions in real-world situations.

AM.DPSR.2.1Determine the probability of simple and compound events in real-world situations.AM.DPSR.2.2Use probabilities to make and justify decisions about risk in real-world situations.AM.DPSR.2.3Calculate and analyze the expected value of a probability model (binominal, normal, and Poisson distributions) for a real-world situation to make decisions about fairness, payoff, and risk.
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