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Alice and Bob play a game in which they flip a coin repeatedly. Each time the coin is heads, Alice wins $1 (and Bob loses

Alice and Bob play a game in which they flip a coin repeatedly. Each time the coin is heads, Alice wins $1 (and Bob loses $1). Each time the coin is tails, Bob wins (and Alice loses) $2. They continue playing until Alice has won three flips. Prove that the expected value of Bob’s winnings is $3.

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To find the expected value of Bobs winnings we can set up a probability distribution for the number of flips needed for Alice to win three times Once ... blur-text-image

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