Two gamblers bet $1 each on the successive tosses of a

Chapter 2, Problem 179SE

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QUESTION:

Problem 179SE

Two gamblers bet $1 each on the successive tosses of a coin. Each has a bank of $6. What is the probability that

a they break even after six tosses of the coin?

b one player—say, Jones—wins all the money on the tenth toss of the coin?

Questions & Answers

QUESTION:

Problem 179SE

Two gamblers bet $1 each on the successive tosses of a coin. Each has a bank of $6. What is the probability that

a they break even after six tosses of the coin?

b one player—say, Jones—wins all the money on the tenth toss of the coin?

ANSWER:

Solution:

Step 1 of 3:

Given that 2 gamblers bet $1 each on the successive tosses of a coin.

Each has a bank of

We have to find the probability that

  (a) They break even after six tosses of the coin.

  (b) One player(Jones)wins all the money on the tenth toss of the coin.


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