G12 SUPER GIO
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LEARN MISSIONrandom variables, distributions, expectation, and simulation

random variables, distributions, expectation, and simulation

WORKED SOURCEWORKED SOURCE

Expected value

A game pays $8 with probability 0.25 and loses $2 otherwise. E=0.25(8)+0.75(-2).

  1. Weight each outcome by probability.
  2. Trace the worked reasoning before selecting the conclusion.

What is expected profit?

MODELChance Process Simulator
MATH
PROVEChoose with evidence
CLUE

Pause. Find what matters. Then make your move.