9 In the gamblers ruin problem (Example 1), assume p .60. a What is the probability
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9 In the gambler’s ruin problem (Example 1), assume p .60.
a What is the probability that I reach $4?
b What is the probability that I am wiped out?
c What is the expected duration of the game?
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Related Book For 
Operations Research Applications And Algorithms
ISBN: 9780534380588
4th Edition
Authors: Wayne L. Winston
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