Consider the gamblers ruin problem with p = 0.4 and N = 7. Starting with 3 units,
Question:
Consider the gambler’s ruin problem with p = 0.4 and N = 7.
Starting with 3 units, determine
(a) the expected amount of time the gambler has 5 units,
(b) the expected amount of time the gambler has 2 units
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