Calculate Expected Payoff In Chance Game

Comparing Strategies Via Expected Values

Evaluating And Comparing Strategies Based On Expected Values

Finding Expected Payoffs For Games Of Chance

Using Probability Concepts For Decision-making

Describing Events In Sample Space Using Set Theory

Applying And Interpreting Probability Rules

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)

Counting And Finding Permutations/combinations

Using Combinations To Compute Probabilities Of Compound Events And Solve Problems

Using Permutations And Combinations For Probability Problems

Using Permutations To Compute Probabilities Of Compound Events And Solve Problems

Calculating Theoretical Probabilities In The Context Of Area Models

Calculating And Interpreting Expected Values

Developing Probability Distributions For Random Variables