The purpose of this task is to assess a student's ability to compute and interpret an expected value. Notice that interpreting expected value requires thinking in terms of a long-run average. Students will help Bob the bagel man find the mean amount of money he can expect to make per customer in the long run. Solutions and explanations are provided.

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Concepts

mean, probability

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Additional Tags

average, cc by-nc-sa 4.0, creative commons, creative commons attribution-noncommercial-sharealike 4.0, expected values, illustrative mathematics, illustrative mathematics: s-md.2 bob's bagel shop, probability distribution, s-md.a.2, binomial probability distribution

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Classroom Considerations

Knovation Readability Score: 5 (1 low difficulty, 5 high difficulty)
The intended use for this resource is Instructional|practice

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