- standard
Use probability to evaluate outcomes of decisions
- 9th - 12th Grade
- Michigan State Math Standards
- Statistics and Probability: Using Probability to Make Decisions
(+) Evaluate and compare strategies on the basis of expected values. For example, compare a high-deductible versus a…
- standard
Use probability to evaluate outcomes of decisions
- 9th - 12th Grade
- Michigan State Math Standards
- Statistics and Probability: Using Probability to Make Decisions
(+) Find the expected payoff for a game of chance. For example, find the expected winnings from a state…
- standard
Use probability to evaluate outcomes of decisions
- 9th - 12th Grade
- Michigan State Math Standards
- Statistics and Probability: Using Probability to Make Decisions
(+) Weigh the possible outcomes of a decision by assigning probabilities to payoff values and finding expected values.*
- standard
Calculate expected values and use them to solve problems
- 9th - 12th Grade
- Michigan State Math Standards
- Statistics and Probability: Using Probability to Make Decisions
(+) Develop a probability distribution for a random variable defined for a sample space in which probabilities are assigned…
- standard
Calculate expected values and use them to solve problems
- 9th - 12th Grade
- Michigan State Math Standards
- Statistics and Probability: Using Probability to Make Decisions
(+) Develop a probability distribution for a random variable defined for a sample space in which theoretical probabilities can…
- standard
Calculate expected values and use them to solve problems
- 9th - 12th Grade
- Michigan State Math Standards
- Statistics and Probability: Using Probability to Make Decisions
(+) Calculate expected values and use them to solve problems. Calculate the expected value of a random variable; interpret…
- standard
Calculate expected values and use them to solve problems
- 9th - 12th Grade
- Michigan State Math Standards
- Statistics and Probability: Using Probability to Make Decisions
(+) Define a random variable for a quantity of interest by assigning a numerical value to each event in…
- standard
Use the rules of probability to compute probabilities of compound events in a uniform probability model
- 9th - 12th Grade
- Michigan State Math Standards
- Statistics and Probability: Conditional Probability and the Rules of Probability
(+) Use the rules of probability to compute probabilities of compound events in a uniform probability model. Use permutations…