The gambler continues betting until she or he is either up $6 or down $3. What is the probability that the gambler quits a winner?

CoormaBak9

CoormaBak9

Answered question

2021-09-15

Suppose that on each play of the game a gambler either wins $1 with probability p = 3 or loses $1 with probability 1 — p = 4. The gambler continues betting until she or he is either up $6 or down $3. What is the probability that the gambler quits a winner?

Answer & Explanation

Aubree Mcintyre

Aubree Mcintyre

Skilled2021-09-16Added 73 answers

Given that:

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