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Expected Value - Simulation

Topic(s): 
Expected Value, Definition and Basic Properties
An applet in which students enter the probability and amount of a payoff, then run many trials to see total payoff and average payoff per game. Also asks student to calculate expected value for the game, and returns feedback on student's answer.
Identifier: 
http://www.shodor.org/interactivate1.9/activities/stock/index.html
Subject: 
Statistics and Probability
Probability
Elementary Probability
Rating: 
Average: 3 (287 votes)
Creator(s): 
Shodor
Cataloger: 
Lisa Green
Publisher: 
Shodor
Rights: 
Creative Commons
Related Resources: 
Buffon's Needle - preservice teacher education
Expected Value - Introductory Lesson Plan