Question
1. Consider the following betting game. Flip two coins. If the outcome was two heads (HH) you win $10, otherwise (HT, TH, TT) you lose
1. Consider the following betting game. Flip two coins. If the outcome was two heads (HH) you win $10, otherwise (HT, TH, TT) you lose $4 for each tail. Play 500 times. Make a BSM to answer the following questions.
a. What is the expected net gain of the game after playing 500 times?
b. By how much is the net gain of a generic 500-play likely to off the expected net gain?
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Hyers-Ulam Stability Of Ordinary Differential Equations
Authors: Arun Kumar Tripathy
1st Edition
1000386902, 9781000386905
