Analyzing Decisions and Strategies S-MD.7 Grade 12 ACTASPIRE Practice Test Questions TOC | Lumos Learning

Analyzing Decisions and Strategies S-MD.7 Question & Answer Key Resources Lumos StepUp High School Integrated Mathematics 2 - Workbooks and Online Assessments

Lumos StepUp High School Integrated Mathematics 2 - Workbooks and Online Assessments Analyzing Decisions and Strategies

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You have an opportunity to spin a spinning wheel with 40 equally likely sections, numbered from 1 to 40. You will win $5 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 $12 to place. If the spinning wheel lands on 27, you win a prize of $750.Otherwise you win nothing. What is the net value of the bet?

Instructions: Enter your answer rounded to the nearest cent. 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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