Mathematics, 21.02.2020 01:49 katswindle11
Gambles are independent, and each one results in the playerbeing equally likely to win or lose 1 unit. Let W denote the netwinnings of a gambler whose strategy is to stop gamblingimmediately after his first win. Find
(a) P{W > 0}
(b) P{W < 0}
(c) P E[W]
Answers: 2
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