Mathematical Expectation

Mathematical Expectation

Assessment

Interactive Video

Other

1st - 6th Grade

Hard

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FREE Resource

The video tutorial introduces the concept of mathematical expectation, using examples like a raffle, coin toss, union negotiation, and casino craps to explain how to calculate expected values. It emphasizes understanding the long-term average outcomes of probabilistic events and provides a formula for calculating expectation. The tutorial highlights the importance of knowing probabilities and potential outcomes to determine the expected value in various scenarios.

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4 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the union negotiator determine the expected raise based on different probabilities?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the expected value indicate when playing craps at a casino?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

Discuss the implications of mathematical expectation in games of chance involving money.

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of understanding the long-term outcomes of gambling based on mathematical expectation?

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