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Program this in R. 10,000 simulations need to be done Use at least 10000 simulations to answer the following question. Write a very brief comment

Program this in R. 10,000 simulations need to be done

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Use at least 10000 simulations to answer the following question. Write a very brief comment (typed) on what you think the true expected fortune of the gambler is after n gambles and how this value is dependent or independent of p. Consider a gambler who at each gamble either wins or loses her bet with probability p of winning. Compute her expected fortune after n gambles of a gambler who starts with x dollars and employs the following strategy: always bet the fraction (2p 1) of her current fortune. Let p=0.55 to 0.95 by 0.05 = 100 x =10 n = Use at least 10000 simulations to answer the following question. Write a very brief comment (typed) on what you think the true expected fortune of the gambler is after n gambles and how this value is dependent or independent of p. Consider a gambler who at each gamble either wins or loses her bet with probability p of winning. Compute her expected fortune after n gambles of a gambler who starts with x dollars and employs the following strategy: always bet the fraction (2p 1) of her current fortune. Let p=0.55 to 0.95 by 0.05 = 100 x =10 n =

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