Aimathic
Login | English | Deutsch

Free math worksheets

Build your own math worksheets from 30,000+ problems for grades 3 to 12, from fractions to AP Calculus. Every problem comes with step-by-step solutions.

Expected value

Click problems to add them to your worksheet.

55143912
A game has an expected net gain of \(\$0\) for the player. Does this mean the player will break even on every play? Answer yes or no and state what the expected value means.

Hints

- Distinguish one outcome from an average over many repetitions. - Think about what the word “expected” means in a probability distribution.

Solution

1. No. Expected value describes a long-run average, not the outcome of each individual play. 2. Over many plays, the average net gain per play is expected to be close to \(\$0\).

Answer

No. It means the long-run average net gain per play is expected to be close to \(\$0\), not that every play breaks even.
55144012
Use the equal-sector spinner shown. Find the expected prize from one spin.
Figure for problem 551440

Hints

- Read the possible prize values from the spinner. - Equal sectors have equal probabilities, so weight each prize by the same probability.

Solution

1. The two prizes are equally likely, so each has probability \(\frac{1}{2}\). 2. The expected prize is \(2\left(\frac{1}{2}\right)+6\left(\frac{1}{2}\right)=4\).

Answer

\(\$4\)
55584412
A game pays \(\$0\) or \(\$3\), each with probability \(\frac{1}{2}\). Maya calculates an expected prize of \(\$1.50\) and says the result must be wrong because \(\$1.50\) is never actually paid. Is Maya's conclusion correct? Explain.

Hints

- Compute the probability-weighted average of the two possible prizes. - Ask whether an average must always equal one of the values being averaged. - Interpret expected value over many repeated plays rather than as a guaranteed single result.

Solution

1. The expected prize is \(0\cdot\frac{1}{2}+3\cdot\frac{1}{2}=1.50\). 2. Expected value is a probability-weighted long-run average, so it does not have to be one of the possible outcomes of a single play. 3. Therefore, Maya's calculation is correct but her conclusion is not.

Answer

No. The expected prize is \(\$1.50\), and an expected value does not have to be a possible single-play outcome.
55142912
The table shows the net gain \(X\), in dollars, from one play of a game. <table> <tr><td>\(x\)</td><td>\(-4\)</td><td>\(0\)</td><td>\(5\)</td><td>\(12\)</td></tr> <tr><td>\(P(X=x)\)</td><td>\(0.20\)</td><td>\(0.35\)</td><td>\(0.30\)</td><td>\(0.15\)</td></tr> </table> Find the expected net gain per play.

Hints

- Use every value of \(X\) shown in the table. - Weight each possible gain or loss by its probability. - Check that the probabilities sum to \(1\) before calculating the mean.

Solution

1. Multiply each possible gain by its probability and add the products. 2. \(E(X)=(-4)(0.20)+(0)(0.35)+(5)(0.30)+(12)(0.15)=2.50\).

Answer

The expected net gain is \(\$2.50\) per play.
55584512
Jordan takes \(20\) independent free throws under the same conditions and makes each shot with probability \(0.35\). Let \(X\) be the number of made shots. Find \(E(X)\) without constructing the full probability distribution, and interpret the result.

Hints

- Think about the expected contribution to the count from one shot. - The total count is built from \(20\) identical success-or-failure contributions. - Interpret the result as a long-run average across many sets of \(20\) shots.

Solution

1. Each shot contributes either \(1\) made shot with probability \(0.35\) or \(0\) made shots with probability \(0.65\), so the expected contribution of one shot is \(0.35\). 2. Across \(20\) independent trials, \(E(X)=20\cdot0.35=7\). This is the binomial mean rule \(E(X)=np\). 3. Over many sets of \(20\) shots under these conditions, the average number made per set would approach \(7\).

Answer

\(E(X)=7\). Over many sets of \(20\) shots, the average number of made shots per set would approach \(7\).
53093112
Assume birth months are independent and each of the \(12\) months is equally likely. Five people are selected at random. In a game, you win \(\$8\) if all five people have different birth months and lose \(\$5\) if at least two people share a birth month. Find your expected net gain per play and determine whether the game is fair.

Hints

- Find the probability that all five birth months are different before considering the game payouts. - The two game outcomes are complementary, so their probabilities must add to \(1\). - Weight each net payoff by its probability and add the results.

Solution

1. The probability that all five birth months are different is \(\frac{12\cdot11\cdot10\cdot9\cdot8}{12^5}=\frac{55}{144}\). 2. Therefore, the probability that at least two people share a birth month is \(1-\frac{55}{144}=\frac{89}{144}\). 3. The expected net gain is \(8\left(\frac{55}{144}\right)-5\left(\frac{89}{144}\right)=\frac{440-445}{144}=-\frac{5}{144}\) dollars. 4. Since the expected net gain is not \(0\), the game is not fair. It favors the opponent slightly.

Answer

The expected net gain is \(-\frac{5}{144}\) dollars, approximately \(-\$0.03\) per play. The game is not fair.
53098712
Two experiments investigate the sum \(S\) of two dice. Experiment 1: Roll two fair six-sided dice. Experiment 2: Roll one fair three-sided die labeled \(1\) through \(3\) and one fair nine-sided die labeled \(1\) through \(9\). In both experiments, the possible sums range from \(2\) through \(12\). a) Show that the expected sum is the same in both experiments. b) Compare the probabilities of getting a sum of exactly \(7\). In which experiment is it more likely? c) In which experiment is a sum of at most \(4\) more likely? Justify your answer mathematically.

Hints

- Use linearity of expected value and the mean of the labels on each fair die. - List the ordered outcomes that produce each requested sum. - Remember that the two experiments have different numbers of equally likely outcomes.

Solution

a) The expected value of a fair die labeled \(1\) through \(n\) is \(\frac{n+1}{2}\). Thus \(E(S_1)=3.5+3.5=7\), while \(E(S_2)=2+5=7\). b) Experiment 1 has \(36\) equally likely ordered outcomes, and \(6\) produce a sum of \(7\), so \(P(S_1=7)=\frac{1}{6}\). Experiment 2 has \(27\) outcomes and \(3\) favorable ordered pairs, so \(P(S_2=7)=\frac{1}{9}\). A sum of \(7\) is more likely in Experiment 1. c) In Experiment 1, sums \(2\), \(3\), and \(4\) occur in \(1+2+3=6\) outcomes, so \(P(S_1\le4)=\frac{1}{6}\). Experiment 2 also has \(6\) favorable outcomes but only \(27\) total, so \(P(S_2\le4)=\frac{2}{9}\). A sum of at most \(4\) is more likely in Experiment 2.

Answer

a) Both expected sums are \(7\). b) Experiment 1: \(\frac{1}{6}\); Experiment 2: \(\frac{1}{9}\). A sum of \(7\) is more likely in Experiment 1. c) Experiment 1: \(\frac{1}{6}\); Experiment 2: \(\frac{2}{9}\). A sum of at most \(4\) is more likely in Experiment 2.
53128912
A high school class has \(30\) students: \(18\) girls and \(12\) boys. Four students are selected at random for an anonymous survey. a) Find the probability that all four selected students are boys. b) The same selection process is carried out independently in \(500\) classes with exactly the same composition. Predict how many of the selected groups will consist only of boys.

Hints

- Use combinations to count all possible four-student groups. - Count the groups formed only from the \(12\) boys. - Multiply the probability for one class by \(500\) to find the expected count.

Solution

a) There are \(\binom{30}{4}=27{,}405\) possible groups and \(\binom{12}{4}=495\) all-boy groups. Thus \(P=\frac{495}{27405}=\frac{11}{609}\approx0.01806\). b) The expected number of all-boy groups in \(500\) independent selections is \(500\cdot\frac{11}{609}\approx9.03\), so a reasonable prediction is about \(9\) classes.

Answer

a) \(\frac{11}{609}\approx0.01806\), or about \(1.81\%\) b) About \(9\) classes
53129012
In a lottery game, \(6\) distinct numbers are drawn from the integers \(1\) through \(45\), and order does not matter. a) Find the probability that all \(6\) winning numbers are less than or equal to \(15\). b) Suppose \(5000\) drawings are held over many years. How many times is the event in part a) expected to occur?

Hints

- Count all unordered selections of \(6\) numbers from \(45\). - Count the selections made entirely from the first \(15\) numbers. - Multiply the probability by \(5000\) to find the expected number of occurrences.

Solution

a) There are \(\binom{45}{6}=8{,}145{,}060\) possible drawings and \(\binom{15}{6}=5005\) favorable drawings. Thus \(P=\frac{5005}{8145060}=\frac{13}{21156}\approx0.0006145\). b) The expected number in \(5000\) drawings is \(5000\cdot\frac{13}{21156}\approx3.07\), so the event is expected to occur about \(3\) times.

Answer

a) \(\frac{13}{21156}\approx0.0006145\), or about \(0.06145\%\) b) About \(3\) times
55143012
The spinner shown has \(10\) equal sections. It costs \(\$5\) to play. a) Find the jackpot \(J\) that makes the game fair, meaning the expected net gain to the player is \(\$0\). b) Nikos says, “There are four listed prize amounts, so I should average \(J\), \(8\), \(3\), and \(0\) equally.” Explain why that reasoning is incorrect.
Figure for problem 551430

Hints

- Distinguish the prize amount from the player’s net gain after paying to play. - A fair game has expected net gain \(0\). - Use the spinner to determine how likely each prize amount is. - Check whether the four listed prize amounts are equally likely.

Solution

1. For a fair game, the expected prize must equal the \(\$5\) cost. The expected prize is \(\frac{1}{10}J+\frac{2}{10}(8)+\frac{3}{10}(3)+\frac{4}{10}(0)\). 2. Set the expected prize equal to \(5\): \(\frac{J+16+9}{10}=5\), so \(J+25=50\) and \(J=25\). 3. Nikos’s reasoning is incorrect because the four prize amounts are not equally likely. Their probabilities are \(\frac{1}{10}\), \(\frac{2}{10}\), \(\frac{3}{10}\), and \(\frac{4}{10}\), so expected value must use those probability weights.

Answer

a) \(J=\$25\) b) The prize amounts cannot be averaged equally because they occur on different numbers of spinner sections and therefore have different probabilities.
55143112
A school fundraiser is comparing two prize plans for a large number of tickets. Plan A charges \(\$4.00\) per ticket. A ticket wins \(\$20\) with probability \(0.10\), wins \(\$5\) with probability \(0.20\), and wins nothing otherwise. Plan B charges \(\$3.50\) per ticket. A ticket wins \(\$10\) with probability \(0.20\), wins \(\$2\) with probability \(0.30\), and wins nothing otherwise. Which plan gives the fundraiser the greater expected net revenue per ticket? By how much would the expected revenues differ over \(1000\) ticket sales?

Hints

- First find the expected prize payout for each plan. - Net revenue to the fundraiser is ticket price minus expected payout. - Compare the two per-ticket expected revenues before scaling to \(1000\) tickets.

Solution

1. Plan A has expected payout \(20(0.10)+5(0.20)=3.00\), so its expected net revenue is \(4.00-3.00=\$1.00\) per ticket. 2. Plan B has expected payout \(10(0.20)+2(0.30)=2.60\), so its expected net revenue is \(3.50-2.60=\$0.90\) per ticket. 3. Plan A gives \(\$0.10\) more expected revenue per ticket. Over \(1000\) tickets, the expected difference is \(1000(0.10)=\$100\).

Answer

Plan A. Its expected net revenue is \(\$1.00\) per ticket versus \(\$0.90\) for Plan B, an expected difference of \(\$100\) over \(1000\) tickets.
53098812
Two sets of dice are compared. Set A contains two fair six-sided dice. Set B contains one fair six-sided die and one weighted six-sided die. On the weighted die, each number from \(1\) through \(5\) has probability \(0.1\), while \(6\) has probability \(0.5\). a) Find the probability of rolling a sum of \(12\) with each set. b) Show that the probability of rolling a sum of \(7\) is exactly the same for both sets. c) Find the expected sum for Set B. How much does it differ from the expected sum for Set A?

Hints

- A sum of \(12\) has only one possible ordered outcome. - For a sum of \(7\), factor out the constant probability from the fair die. - Use linearity of expected value.

Solution

a) For Set A, \(P(S=12)=\frac{1}{6}\cdot\frac{1}{6}=\frac{1}{36}\). For Set B, \(P(S=12)=\frac{1}{6}\cdot0.5=\frac{1}{12}\). b) Let \(X\) be the fair-die result and \(Y\) the weighted-die result. Then \(P(X+Y=7)=\sum_{i=1}^{6}P(X=i)P(Y=7-i)=\frac{1}{6}\sum_{j=1}^{6}P(Y=j)=\frac{1}{6}\), matching Set A. c) The fair die has expected value \(3.5\). The weighted die has expected value \(0.1(1+2+3+4+5)+0.5(6)=4.5\). Therefore, \(E(S_B)=3.5+4.5=8\), which is \(1\) greater than \(E(S_A)=7\).

Answer

a) Set A: \(\frac{1}{36}\); Set B: \(\frac{1}{12}\) b) Both probabilities equal \(\frac{1}{6}\). c) \(E(S_B)=8\), which is \(1\) greater than \(E(S_A)=7\).

All problems may be used, copied and printed free of charge for school and tutoring, including paid tutoring. Commercial adaptations as well as publication or redistribution on the internet are not permitted.