Use probability to evaluate outcomes of decisions5.(+) Weigh the possible outcomes of a decision by assigning probabilities to payoff values and finding expected values.a.Find the expected payoff for a game of chance. For example, find the expected winnings from a state lottery ticket or a game at a fast- food restaurant.b.Evaluate and compare strategies on the basis of expected values. For example, compare a high-deductible versus a low-deductible automobile insurance policy using various, but reasonable, chances of having a minor or a major accident.