How do you calculate Standard Deviation or Variance on a slot machine?
December 7th, 2009 at 6:10:02 PM
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I see the example of Standard Deviation on the red white and blue exaple slot machine on the wizzard of odds website (https://wizardofodds.com/slots). But how do you arrive at the Standard Deviation of the game? What is the formula?
Thanks in advance
Jim
Thanks in advance
Jim
December 16th, 2009 at 8:58:30 PM
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You would need to know the probability of each win to determine the variance. Unless you know how the game was programmed, or piece together the reel stripping, I don't see how you could get at that. The general formula for the variance is E(x^2)-(E(x))^2.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
