6. A player tosses a fair coin repeatedly until a head occurs. The associated payoff is 2/1,...
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6. A player tosses a fair coin repeatedly until a head occurs. The associated payoff is 2/1, where n is the number of tosses until a head comes up.
(a) Devise the sampling procedure of the game.
(b) Use the random numbers in column 1 of Table 16.1 to determine the cumulative payoff after two heads occur.
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