AQR (6): Expected Value and Payoff

AQR (6): Expected Value and Payoff

9th - 12th Grade

15 Qs

quiz-placeholder

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AQR (6): Expected Value and Payoff

AQR (6): Expected Value and Payoff

Assessment

Quiz

Mathematics

9th - 12th Grade

Medium

CCSS
HSS.MD.A.2, HSS.MD.B.5A, HSS.MD.B.5B

Standards-aligned

Created by

Kristin Usrey

Used 8+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

If the expected value is negative, are you expected to win?
yes
no

Tags

CCSS.HSS.MD.A.2

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

A coin is flipped 3 times. If you get tails once you get $5, tails twice you get $15, and tails on all three flips you get $40. What is the expected amount of money you will get?
$12.50
$5
$7.50
$10

Tags

CCSS.HSS.MD.A.2

3.

MULTIPLE CHOICE QUESTION

3 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.B.5A

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Media Image

Find the mean (expected value) of the probability distribution.

85

83.2

87.1

84.4

Tags

CCSS.HSS.MD.A.2

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

You roll a standard die. You win $12 if you roll a six, $6 if you roll a one, and $0 if you roll anything else. What is the expected value of a single roll?

$3

$18

$9

$2

Answer explanation

P(6) x $12 + P(1) x $6 - P(2 or 3 or 4 or 5) x $0

1/6 x $12 + 1/6 x $6 - 4/6 x $0

$2 + $1 = $3

Tags

CCSS.HSS.MD.B.5A

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Media Image
Choose an American household at random. What is the expected number of cars for that household?
1.75
1.84
2.00
2.50

Tags

CCSS.HSS.MD.A.2

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

In a certain community, 30% of households have 1 child, 43% have 2 children, and 27% have 3 children. If a household is selected at random, what is the expected number of children in that household?

2.00
2.13
1.97
1.27

Tags

CCSS.HSS.MD.A.2

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