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Your search returned 6 results

Listed under:  Mathematics  >  Statistics and probability  >  Data representation  >  Tables (Data)  >  Two-way tables
Downloadable

Multi-bets

  • TLF-IDA003643

In this lesson, students will calculate both the payout and the odds for various multi-bets, demonstrating how even this increased payout does not match the probability of achieving such a bet, and therefore the risk and appeal of the bet should be weighed up. The lesson is outlined in detail including NSW curriculum links, ...

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Counter-intuitive probability

  • TLF-IDA003650

This lesson is designed to demonstrate the ways in which random chance can be counter-intuitive. Students will explore how assumptions made in probability can be risky and investigate how to perform precise calculations to answer probability questions. The lesson is outlined in detail including NSW curriculum links, learning ...

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Easter Show games of chance

  • TLF-IDA003646

In this lesson, students will calculate the probability of an average person scoring a shot at a basketball game at the Easter Show. They will then use these probabilities to design a payout system which can absorb the losses from an average player winning big, whilst profiting from the average player who scores very poorly, ...

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The wide wide world of sports betting

  • TLF-IDA003660

This lesson explores the difference between perfectly predictable events (like the roll of a die) and less certain events (such as sports). Students investigate mathematically how sports bookmakers create odds to guarantee themselves a profit and pay gamblers less for a win than they deserve. The lesson is outlined in ...

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Two-up - The fairest game of all?

  • TLF-IDA003642

In this lesson, students look at the history and mathematics of Two-Up, exploring why it is considered such a fair game, and how the ‘boxer’ or game runner makes a profit. The lesson is outlined in detail including NSW curriculum links, learning intentions, discussion points, materials required, links to supporting videos ...

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Downloadable

Loot boxes

  • TLF-IDA003652

In this lesson, students will create their own video game concept, complete with a loot box system. They will then calculate the probability of obtaining all unique items to form a complete set, considering the challenges this random system entails and how the gambling system inherent could lead to unexpected losses. The ...

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