Gambles are independent, and each one results inthe player

Chapter 7, Problem 7.3

(choose chapter or problem)

Gambles are independent, and each one results inthe player being equally likely to win or lose 1 unit.LetW denote the net winnings of a gambler whosestrategy is to stop gambling immediately after hisfirst win. Find(a) P{W > 0}(b) P{W < 0}(c) E[W]

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