Question
Two players are playing a coin tossing game. Player A wins $1 when the coin comes up heads and loses $1 when it comes up
Two players are playing a coin tossing game. Player A wins $1 when the coin comes up heads and loses $1 when it comes up tails. Player B is unaware that the coin is weighted so that p(heads)=.55. They start with $4 divided in one dollar units between them. They play until one player has no money (is "ruined").
PART A
On average, how many times will player A have $3 if player A starts with $2?
PART B
On average, how many plays will it take until one of the players is ruined if player A starts with $3?
PART C
Find FR.
PART D
Find the probability that player A will be ruined if each player starts with $2.
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