Description
What does it mean to get a positive result on a test that is 99% accurate? In this activity, students use conditional probability to solve the false positive riddle and more!
This three-tiered application problem set can be used to differentiate or scaffold the learning.
- Level 1 -- Use probability notation and apply Bayes' Theorem to homeowners insurance claims
- Level 2 -- Solve a false positive riddle about unobtanium
- Level 3 -- Explore the relationship between age, job industry, and insurance
An answer key is available here: Application FA-10.6 Answer Key
This application problem set is part of a FREE Financial Algebra course, with ten units blending core personal finance topics with math concepts, answering the age-old question, "When am I going to use math in real life?" with confidence. ngpf.org/math/financial-algebra
Highlights
Description
What does it mean to get a positive result on a test that is 99% accurate? In this activity, students use conditional probability to solve the false positive riddle and more!
This three-tiered application problem set can be used to differentiate or scaffold the learning.
- Level 1 -- Use probability notation and apply Bayes' Theorem to homeowners insurance claims
- Level 2 -- Solve a false positive riddle about unobtanium
- Level 3 -- Explore the relationship between age, job industry, and insurance
An answer key is available here: Application FA-10.6 Answer Key
This application problem set is part of a FREE Financial Algebra course, with ten units blending core personal finance topics with math concepts, answering the age-old question, "When am I going to use math in real life?" with confidence. ngpf.org/math/financial-algebra
