Expected Payoff for a Game of Chance: CCSS.Math.Content.HSS-MD.B.5a

Practice Questions

Common Core: High School - Statistics and Probability › Expected Payoff for a Game of Chance: CCSS.Math.Content.HSS-MD.B.5a

Questions
2
1

The Witches' Duel is a game of chance. On each turn, there are four possible outcomes:

You earn 1 point with probability .2, and you lose 1 point with probability .3.

You earn 5 points with probability .35, and you lose 5 points with probability .15.

On average, how many points do you earn on each turn?

2

A state lottery is holding a million dollar raffle and each ticket has the following odds of being a winner:

Which of the following choices best represents the price where tickets would start costing too much to play and expect to make money over the long run?

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