

Expected Value and Ticket Relationships
Interactive Video
•
Mathematics
•
9th - 10th Grade
•
Practice Problem
•
Hard
Thomas White
FREE Resource
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32 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of problem is being discussed in the video?
Basic arithmetic problem
Advanced calculus problem
Complex expected value problem
Simple probability problem
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the total number of tickets mentioned in the problem?
2000 tickets
1500 tickets
1000 tickets
500 tickets
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the budget constraint given in the problem?
$100
$200
$400
$300
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two possible payouts mentioned?
$200 and $2
$100 and $1
$50 and $5
$300 and $3
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many drawings are there in the problem?
75 drawings
150 drawings
50 drawings
100 drawings
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the expected value per ticket?
$1
$4
$2
$3
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula used to calculate the expected value?
Sum of outcomes times probabilities
Difference of outcomes
Sum of probabilities
Product of outcomes
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