Question

3. A player has $2.They bet 1 at a tive and win 1 wrth probobility p .The player stops playing wten tey lose $2,or win 4.Whct is the probabil ty te (a)ployer loses their maney at he end ot tre plays? (b) gare lasts rore than saer plays Hint: PO 0, 0,1,0, 0, o, o 2

Answer 1

ese have to -Hate the grants Space x, 1, 2,3,4 5, šince game ends a Ployes loos to alu 72 chain d than ha a 2

0 0 0 の oo o o I te im chah aun s alt Etemeds Ovy oud eenal o Pus 236 +'..rto) p.(ㆁ 긍 5 0 a) c)

:(그 l6 3 2 co) s) /2 8 I 28 64 64 P The an hal money f end five plays)- at the end ot the seventh Yo undl) 6 Y 64