Lesson 1
1. Lesson 1
1.10. Explore 6
Module 2: Probability
Probability and odds can be used to make decisions that may have a significant impact on an event. For example, imagine that game 7 of the Stanley Cup final will be decided by a shootout after a five-minute overtime period. Imagine the pressure on the coach to make the right decision about which players to choose for the shootout.

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Read “Example 4” on pages 145 and 146 of your textbook. This is a good example of making a decision based on odds and probability to try to win a hockey game—but not game 7 of the Stanley Cup! The information that the coach has to work with is based on real data and, therefore, the calculation of the odds and probability would be valid.