Standard deviation in gambling scenario

Reference no: EM1393143

I need your opinion of this: Two craps tables collect an average of $500 per hour. One table has a standard deviation of $50 while the other has a standard deviation of $150. What conclusion can be drawn from the data? Normally, would one want a larger of smaller standard deviation? Please Discuss and show any work associated with this question. Thanks

Reference no: EM1393143

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