TEKS: Chapter 111. Mathematics See All Teacher Resources

111.37.c.3

(3) The student analyzes and evaluates risk and return in the context of real-world problems. The student is expected to:

• (A) determine and interpret conditional probabilities and probabilities of compound events by constructing and analyzing representations, including tree diagrams, Venn diagrams, and area models, to make decisions in problem situations;

• (B) use probabilities to make and justify decisions about risks in everyday life; and

• (C) calculate expected value to analyze mathematical fairness, payoff, and risk.