Explore BrainMass

Explore BrainMass

    Binomial Probability Gamblers

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Consider a gambler who at each play of the game has probability of winning one unit and probability of loosing one unit. Assuming that the successive plays of the game are independent, what is the probability that, starting with units, the gambler's fortune will reach

    © BrainMass Inc. brainmass.com June 3, 2020, 7:14 pm ad1c9bdddf

    Solution Summary

    Binomial probability for Gamblers are discussed. The successive plays of the games which are independent are determined.