Goals of the Unit
- interpret experimental and theoretical probabilities and the relationship between them
- distinguish between equally likely and non-equally likely outcomes
- review strategies for identifying possible outcomes and analyzing probabilities, such as using lists or tree diagrams
- determine if a game is fair or unfair
- analyze situations that involve two stages (or two actions)
- use area models to analyze situations that involve two stages
- determine the expected value of a probability situation
- analyze situations that involve binomial outcomes
- use probability and expected value to make decision
Vocabulary
area model
tree diagram
expected value
binomial probability
payoff
Law of Large Numbers
sample space
tree diagram
expected value
binomial probability
payoff
Law of Large Numbers
sample space
| what_do_you_expect_review.pdf |