13. In each game played one is equally likely to either win or lose 1. Let X...
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13. In each game played one is equally likely to either win or lose 1.
Let X be your cumulative winnings if you use the strategy that quits playing if you win the first game, and plays two more games and then quits if you lose the first game.
(a) Use Wald's equation to determine .
(b) Compute the probability mass function of X and use it to find .
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