Question
Gamblers ruin code in R. Create a simulation to show one possible outcome with k = 20 (stake), n = 60 and p = 1/2.
Gamblers ruin code in R. Create a simulation to show one possible outcome with k = 20 (stake), n = 60 and p = 1/2. Assume gambler wants to stop when their fortune reaches $n(n>k). Plot your result with turn on the x-axis and the gamblers fortune on the y-axis. Simulate with 1,000 turns regardless of whether ruin or reaching $n has occurred before then (using a for loop). Be sure that your plot does not show values of the gamblers fortune that are below $0 or above $n.
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Secrets Of Analytical Leaders Insights From Information Insiders
Authors: Wayne Eckerson
1st Edition
1935504347, 9781935504344
