Q27Section I (Objective (Q1–Q80))27 of 79
Probability — net winnings under a stop-on-win strategy
Consider the following for the next two (2) items that follow: Gambles are independent and each one results in the player being equally likely to win or lose 1 unit. Let denote the net winnings of a gambler whose strategy is to stop gambling immediately after his first win. If the first win is on trial , then the winnings is
Pick an option to check your answer. In a mock test a wrong answer here costs 0.83 mark.