CK-12 Foundation
Expected Value: Game of Chance
Determine whether the payoff is worth it. Pupils calculate the expected value of a game with three different payoff levels. Each level has a different probability of winning money. The scholars find the expected payoffs for each level...
Illustrative Mathematics
Sounds Really Good! (Sort Of...)
Winning a lottery game with 60% odds sounds like a no brainer. This is when the math kicks in to show players that in the long run, they lose money the more often they play. Here is one simple question that opens the doors to a nice...
Curated OER
Introduction to the Concept of Probability
Middle and high schoolers have a clarified definition of probability, they explore about outcomes in probability and how to calculate experimental probability. They use computers to learn about probability.
CK-12 Foundation
Discrete Random Variables: Roll the Dice!
And the winner is ... not always who it appears to be. An interactive gives the directions for a dice game that on the surface gives one player an advantage over the other. Pupils look closer at the possible outcomes and find the...
Curated OER
Flipping for a Grade
What happens when your teachers get tired of grading tests and want to use games of chance to determine your grade? How would you decide which game they should play? Learn how to use expected value and standard notation to compare two...
CK-12 Foundation
Expected Value: Playing Darts
The expected payoff is right on target. An interactive resource provides a dart game scenario with amounts of cash prizes and probabilities of winning. Learners calculate the expected value and expected payoff for the game. To finish,...
Curated OER
Handling Data: Probability, Chase Me game
Students participate in a simulation in which the aim is for the tortoise to catch up with the hare or vice versa. Moves are decided by throwing two dice. Adding together the numbers on the two dice tells you which animal moves one...
Visa
Buy, Sell or Hold?: An Overview of Investing
Break down the often-daunting topic of the stock market with this resource, in which pupils learn basic terminology regarding buying and selling stocks, as well as the factors that influence how much return individuals can receive on...
Curated OER
Continuous Probability Distributions
Young scholars practice continuous probability distributions. In this probability lesson, students calculate probability, use probability functions, and use rectangular distribution.
Curated OER
Let's Take a Chance!
Students investigate probability and the chance of an even happening. In this algebra lesson, students incorporate their knowledge of probability to solve problems and relate it to the real world. They learn to make decisions based on data.
Curated OER
The Apple Blossom Problem
In this apple blossom problem, students examine a given situation in a board game. They determine the best way to win the game and the expected payoff. This one-page worksheet contains 1 problem.
Curated OER
Against all Odds
Tenth graders appreciate the role of probability in understanding everyday situations. They Communicate a summary of financial projections in appropriate reports, tables, and graphs after creating a new game of chance.
Curated OER
Sounds Really Good! (sort of...)
Your friend Phil wants to know if he should play the lottery. Have your class use the given data to compute the expected value and explain to Phil what he should do and why. This handout is ideal for a quick assessment of skill and...
Curated OER
Who Does the Lottery Benefit?
Students investigate the pros and cons of the lottery. In this algebra lesson, students use the formulas for permutation and combination to test their arguments about the lottery. They collect data about their argument and plot it on a...