Mathematics, 27.02.2020 20:29 reaunnatowns
Gambles are independent, and each one results in the player being equally likely to win or lose 1 unit. Let W denote the net winnings of a gambler whose strategy is to stop gambling immediately after his first win. Find (a) P{W>0}, (b) P{W<0}, (c) E[W]
Answers: 2
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Gambles are independent, and each one results in the player being equally likely to win or lose 1 un...
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