Mathematics, 29.02.2020 05:27 kflvcko6996

One concern of a gambler is that she will go broke before achieving her first win. Suppose that she plays a game in which the probability of winning is .1 (and is unknown to her). It costs her $10 to play and she receives $80 for a win. If she commences with $30, what is the probability that she wins exactly once before she loses her initial capital?

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One concern of a gambler is that she will go broke before achieving her first win. Suppose that she...

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