Evaluating And Comparing Strategies Based On Expected Values

Finding The Expected Payoff For A Game Of Chance

Using Probability Concepts To Analyse Strategies And Make Fair Decisions

Applying And Interpreting The Addition Rule Of Probability I.e. P(a Or B) = P(a) + P(b) – P(a And B)

Applying And Interpreting The Multiplication Rule Of Probability I.e. P(a And B) = P(a)p(b|a) = P(b)p(a|b)

Counting And Finding Combinations (including Using The Formula)

Counting And Finding Permutations (including Using The Formula)

Using Combinations To Compute Probabilities Of Compound Events And Solve Problems

Using Permutations To Compute Probabilities Of Compound Events And Solve Problems