Using Probability to Make Decisions: Use probability to evaluate outcomes of decisions.
Data, Statistics, and Probability
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Use probabilities to make fair decisions (e.g., drawing by lots, using a random number generator).
Weigh the possible outcomes of a decision by assigning probabilities to payoff values and finding expected values.
Analyze decisions and strategies using probability concepts (e.g., product testing, medical testing, pulling a hockey goalie at the end of a game).
Use probability to evaluate outcomes of decisions.