Consider a gambler who wins or loses 1 unit on each play with respective possibilities p and

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Consider a gambler who wins or loses 1 unit on each play with respective possibilities p and 1 - p. What is the probability that, starting with n units, the gambler will play exactly n + 2i games before going broke? (Hint Make use of ballot theorem.)

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Stochastic Processes

ISBN: 9780471120629

2nd Edition

Authors: Sheldon M. Ross

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