Expected Value
Quiz
•
Mathematics
•
9th - 12th Grade
•
Medium
+3
Standards-aligned
SAM BURGESON
Used 60+ times
FREE Resource
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9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Given the probability model in the table below, what is the expected value of the random variable?
X 50 20 5
P(X) 0.1 0.3 0.6
Tags
CCSS.HSS.MD.A.2
CCSS.HSS.MD.A.3
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the expected value is negative, are you expected to win?
Tags
CCSS.HSS.MD.A.2
CCSS.HSS.MD.A.3
CCSS.HSS.MD.B.5
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Eva flips a coin. If she gets heads, she wins $4. If she gets tails, she loses $3. What is her expected value of a coin flip?
$1
$0.50
-$0.50
$0
Tags
CCSS.HSS.MD.A.2
CCSS.HSS.MD.A.3
CCSS.HSS.MD.B.5
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Find the mean (expected value) of the probability distribution.
85
83.2
87.1
84.4
Tags
CCSS.HSS.MD.A.2
CCSS.HSS.MD.A.3
CCSS.HSS.MD.A.4
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Tags
CCSS.HSS.MD.A.1
CCSS.HSS.MD.A.3
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Tags
CCSS.HSS.MD.A.1
CCSS.HSS.MD.A.3
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Tags
CCSS.HSS.MD.A.1
CCSS.HSS.MD.A.3
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The table above shows the number of cell phones per household in a small town. Find the mean round to the nearest hundredth.
2.80
2.93
0.10
0.14
Tags
CCSS.HSS.IC.B.4
CCSS.HSS.MD.A.2
CCSS.HSS.MD.A.3
9.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
A stockbroker estimates that at the end of the year, there is a 40% chance a stock will be worth $50, a 35% chance it will be worth $60 and a 25% chance it will be worth $70.
What expected value does this broker assign to this stock's end-of-the-year price?
Tags
CCSS.HSS.MD.A.2
CCSS.HSS.MD.A.3
CCSS.HSS.MD.B.5
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