Jimmy plays a game for which he wins $4 with probability 23, or else he wins $8.
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Jimmy plays a game for which he wins $4 with probability 2∕3, or else he wins $8.
Let X be his profit for this game. Then, an upper bound for the probability P(X ≥ 6)
from Markov’s inequality is 8∕9.
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Related Book For
Introduction To Probability Volume 2
ISBN: 9781118123331
1st Edition
Authors: Narayanaswamy Balakrishnan, Markos V. Koutras, Konstadinos G. Politis
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