S-MD.B.5 — Practice Problems
Use probability to evaluate outcomes of decisions
Weigh the possible outcomes of a decision by assigning probabilities to payoff values and finding expected values. a. Find the expected payoff for a game of chance. For example, find the expected winnings from a state lottery ticket or a game at a fast-food restaurant. b. Evaluate and compare strategies on the basis of expected values. For example, compare a high-deductible versus a low-deductible automobile insurance policy using various, but reasonable, chances of having a minor or a major accident.
Sample S-MD.B.5 problems
5 problem types align to this standard. Every worksheet is a fresh set with complete step-by-step solutions.
