HSS.MD.B.5: Weigh the possible outcomes of a decision by assigning probabilities to payoff values and finding expected values.

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 value Find expected payoffs Making decisions with expected values Expected payoff example: lottery ticket Expected payoff example: protection plan

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