Two classmates enjoy playing online poker. They both claim to win $300 on average when they play for an evening, even though they play at different sites on the Web. They do not always win the same amounts, and the SD of the amounts won is $100.
(a) Identify the two random variables and summarize your assumptions.
(b) What is the mean and standard deviation of the total winnings made in a day by the two classmates?
(c) Find the mean and standard deviation of the difference in the classmates’ winnings.
(d) The classmates have decided to play in a tournament and are seated at the same virtual game table. How will this affect your assumptions about the random variables?

  • CreatedJuly 14, 2015
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