L.O. 6: Expected Value

We are learning to use expected value to solve probability problems.

Step 1: Explanation

Step 2: Developing Your Understanding

Your notes should include the following:

  • How do you calculate expected value?

  • What formula was used in the video?

  • Given an example of how this formula can be used to calculate the expected value in a given scenario.

Step 3: Practice The "Skill"

Step 4: Enrich Your Understanding

Step 5: Reflection

Our Learning Objective was: "We are learning to use expected value to solve probability problems". Please think about the following.

  • Can you do this?

  • What are your strengths and weaknesses?

  • How can you improve your weaknesses?

Monitoring Your Progress (Answers)