Internet Exercises

Excuse Me, May I Ask Your Standard Deviation?

http://www.ubmail.ubalt.edu/~harsham/Business-stat/otherapplets/Descriptive.htm

The actual tips that both Jolly and Gertrude earned each of the 7 hours they worked are listed in the table below. Visit the Ohio University website and use the applet to compute the mean and variance of Jolly's and Gertrude's tips. You will need to compute the standard deviation for both restaurants yourself. Use these results to evaluate your employment decision. Should you have called Jolly and Gertrude back and asked the standard deviation before making this decision?

Jolly's Tips	Gertrude's Tips
$20	$10
$25	$15
$26	$16
$28	$28
$30	$40
$35	$45
$38	$48

Lady Luck and Standard Deviation Meet

http://vegasreference.com/houseedge.html


2		What is the name of the game with the highest house edge with the most consistency?

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