A small ferry runs every half hour from one side of a large river to the other.
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A small ferry runs every half hour from one side of a large river to the other. The probability distribution for the random variable Y = money collected on a randomly selected ferry trip is shown here. From Exercise 7, μY=$19.35. Calculate and interpret the standard deviation of Y.
Exercise 7.
Get on the boat! A small ferry runs every half hour from one side of a large river to the other. The probability distribution for the random variable Y = money collected (in dollars) on a randomly selected ferry trip is shown here.
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