Activity 01
Simulation Stations: Risk Scenarios
Set up stations for insurance claims, gambling streaks, and product defects. Provide dice, spinners, or apps for 50-100 trials per scenario. Groups record frequencies, calculate empirical probabilities, and compare to theoretical values on shared charts.
Evaluate the impact of probability in decision-making processes in fields like insurance or gambling.
Facilitation TipDuring Simulation Stations, set clear protocols for data collection so students focus on analyzing variability rather than debating recording methods.
What to look forPresent students with a scenario, such as a medical test with a known false positive rate. Ask: 'Given a patient tests positive, what is the probability they actually have the condition, assuming a certain prevalence?' Students show their calculations using conditional probability formulas or Bayes' Theorem.