Analyze decisions and strategies using probability concepts HSS.MD.B.7 Grade 11 SBAC Practice Test Questions TOC | Lumos Learning

Analyze decisions and strategies using probability concepts HSS.MD.B.7 Question & Answer Key Resources Lumos StepUp - Smarter Balanced Online Practice and Assessments - Grade 11 Mathematics

Lumos StepUp - Smarter Balanced Online Practice and Assessments - Grade 11 Mathematics Analyze decisions and strategies using probability concepts

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You have an opportunity to spin a spinning wheel with 25 equally likely sections, numbered from 1 to 25. You will win $50 no matter which number the wheel lands on. However, before spinning the wheel, you can place a bet to increase your prize. The bet costs $50 to place. If the spinning wheel lands on 25, you win a prize of $5,000. Otherwise you win nothing. What is the net value of the bet? Enter your answer rounded to the nearest dollar. Include the dollar sign in your answer.

Resource: Question

Question Type: Numeric Answer

Standard(s):HSS.MD.B.7

Standard Description: Analyze decisions and strategies using probability concepts (e.g., product testing, medical testing, pulling a hockey goalie at the end of a game).

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