Probability and Chance

Use probability to make better decisions.

31 Lessons368 Exercises

Level 1

Introduction to Probability

Comparing Likelihoods

Multiple Decks

Counting Outcomes

Possibilities and Probability

Level 2

Two Card Totals

Selecting Success

Calculating Probability

Level 3

Dice, Coins and Decks

Dice and Coins

Comparing Combinations

Stacking the Deck

Changing the Odds

Level 4

Expected Value

Probability and Value

Variable Rewards

Expected Value

Calculating Expected Value

Level 5

Expected Value Comparisons

Comparing Value

Multiple Event Value

Multiple Event Comparisons

Level 6

Expressing Probability

Venn Diagrams

AND Probabilities

OR Probabilities

Level 7

Probability Relationships

Outcomes in OR

Calculating OR

Not Probability

Level 8

Conditional Probability

Dependent or Independent

Identifying Dependence

Level 9

Calculating with Conditionals

Two Way Dependence

Calculating Conditionals

Independent AND

Multiplying with Dependence

Averaging Rewards Across Outcomes

Handle different rewards by averaging the payoff across all outcomes. Use the average to compare which reward structure is more valuable over multiple tries.

Video

3 mins

Interactive lesson

2 mins

Put your learning to the test with an interactive lesson

Probability and Chance

Use probability to make better decisions.

31 Lessons368 Exercises

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