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Students use a tree diagram to find theoretical probabilities and use this information in a spreadsheet to find the expected value.
Students will modify a tree diagram to model three basketball players making a shot for a charity contest.
Students will be introduced to expected value. The results of the contest are associated with different dollar amounts.
The extension involves the application of expected value. Students will use a spreadsheet to calculate probabilities of winning the lottery by matching six numbers. Then they will find the expected value for a given jackpot.
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