Probability and Expected Value in Games
Interactive Video
•
Mathematics
•
9th - 10th Grade
•
Practice Problem
•
Hard
Thomas White
FREE Resource
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11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main focus of this lesson?
Analyzing games of chance using expected value
Studying the history of gambling
Understanding probability theory
Learning how to play casino games
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the dice game example, what is the cost to play?
€3
€1
€0.50
€2
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the payout if the dice shows a six?
€0
€1
€2
€3
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is the expected value calculated?
By adding all possible outcomes
By multiplying the value of each outcome by its probability and summing them
By dividing the total payout by the number of outcomes
By subtracting the cost from the total payout
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the probability of rolling a four with a fair die?
1/2
1/6
1/4
1/3
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the expected value of the payout in the dice game?
1/2 of a euro
5/6 of a euro
1/6 of a euro
1 euro
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does it mean if a game is fair?
The expected winnings are zero
The expected winnings are positive
The game costs nothing to play
The expected winnings are negative
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