IB skill practice

Calculate expected monetary value

Use outcome values and probabilities to calculate an expected payoff.

Paper 1, Paper 2 5 marks Difficulty 3

Calculate expected monetary value - exam decision

A retail demand model option pays 55 if successful and -12 otherwise. The success probability is 0.35. Calculate the expected monetary value. Enter the requested value and choose the interpretation that matches the result.

AI writing feedback

How would you answer this question in your own words? The AI will analyse your response and give feedback on reasoning, evidence, and expression.

Login required
0 words