Mathematics, 08.10.2019 23:30 Buddy01
For the gambler’s ruin problem, assume that charlie has 10 dollars and lucy has 50 dollars. for p = 0.3, use simulation to determine how long it will take for charlie to be ruined. run this simulation 10 times, where one simulation means charlie starts a new session with 10 dollars, playing against lucy who has 50 dollars. (will charlie ever learn? ) for these 10 simulations, plot the time until charlie is ruined. feel free to run the simulation more than 10
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For the gambler’s ruin problem, assume that charlie has 10 dollars and lucy has 50 dollars. for p =...
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