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Expected Value

Expected Value

Added: 25 Jun 2019 Contributor: PDST Resource type: Presentation

A presentation to introduce the concept of Expected Value and Fair Games to students. Expected value is calculated and students discover that that this not need be one of the outcomes. The issue of fair games and the role of expected value in decision making is explored.

How it maps to the curriculum

SC
Mathematics

Strand: 1. Statistics & Probability

Strand unit: 2. Concept of Probability

Suggestions for use: To introduce the concept of expected value and fair games to students

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Meta information

  • Asset type: Presentation
  • Language: English
  • Rights: Attribution-Noncommercial Share Alike Creative Commons
  • Cost: No
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