Suppose that on each play of the game a gambler either wins 1 with probability p or

Question:

Suppose that on each play of the game a gambler either wins 1 with probability p or loses 1 with probability 1− p. The gambler continues betting until she or he is either up n or down m. What is the probability that the gambler quits a winner?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: