Roll the Dice: Teaching Expected Value Using Randomly Assigned Grades
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October 16, 2024In this lesson, students are taught the concept of expected value. Two example problems are provided to teach the concept of expected value. Students are then given the chance to analyze whether to accept a randomly assigned grade. Finally, expected value is used to determine when to enter the Powerball lottery.
by Tom Flesher
Flesher, T. (2024). Roll the Dice: Teaching Expected Value Using Randomly Assigned Grades. Available online at Journal of Economics Teaching, DOI: 10.58311/jeconteach/09221e3e7465eaf71beb45321772ee49af60e0c7
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