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    Binomial Probability Gamblers

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    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

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    Solution Summary

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

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