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S-MD.5.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 fastfood restaurant.
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High School
Statistics and Probability
Using Probability to Make Decisions
Use probability to evaluate outcomes of decisions
Weigh the possible outcomes of a decision by assigning probabilities to payoff values and finding expected values.
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 fastfood restaurant.
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