Reporting Statistics and Probability Category Standard Using Probability to Make Decisions MAFS.912.S-MD.2.5 Benchmark Number Weigh the possible outcomes of a decision by assigning probabilities to payoff values Benchmark and finding expected values. a. Find the expected payoff for a game of chance. For example, find the expected winnings from a state lottery ticket or a game at a fast-food restaurant. b. Evaluate and compare strategies on the basis of expected values. For example, compare a high-deductible versus a low-deductible automobile insurance policy using various, but reasonable, chances of having a minor or a major accident. MAFS.912.S-MD2.6 Also Assesses MAFS.K12.MP.4.1 Item Types Selected Response (Multiple Choice), Gridded Response, Short Answer
Reporting Category Statistics and Probability Standard Using Probability to Make Decisions Benchmark Number MAFS.912.S-MD.2.5 Benchmark Weigh the possible outcomes of a decision by assigning probabilities to payoff values and finding expected values. a. Find the expected payoff for a game of chance. For example, find the expected winnings from a state lottery ticket or a game at a fast-food restaurant. b. Evaluate and compare strategies on the basis of expected values. For example, compare a high-deductible versus a low-deductible automobile insurance policy using various, but reasonable, chances of having a minor or a major accident. Also Assesses MAFS.912.S-MD2.6 MAFS.K12.MP.4.1 Item Types Selected Response (Multiple Choice), Gridded Response, Short Answer