P01 Students will be expected to analyze and interpret problems that involve probability.
P01.01 Describe and explain the applications of probability (e.g., medication, warranties, insurance, lotteries, weather prediction, 100-year flood, failure of a design, failure of a product, vehicle recalls, approximation of area).
P01.02 Calculate the probability of an event based on a data set.
P01.03 Express a given probability as a fraction, decimal, and percent and in a statement.
P01.04 Explain the difference between odds and probability.
P01.05 Determine the probability of an event, given the odds for or against.
P01.06 Explain, using examples, how decisions may be based on a combination of theoretical probability calculations, experimental results, and subjective judgements.
P01.07 Solve a contextual problem that involves a given probability.