Exercise

Exercise 7. American Roulette winnings expected value

You generated the expected value of \(S\), the outcomes of 1,000 bets that the ball lands in the green pocket, in the previous exercise.

What is the standard error of \(S\)?

Instructions

100 XP

Compute the standard error of the random variable you generated in exercise 5, or the outcomes of 1,000 spins of the roulette wheel.

Take Hint (-30 XP)