You start out with $100 in your pocket, and you start betting on coin tosses of a fair coin. You bet heads every time, so you win $1 if it comes up heads and lose $1 if it comes up tails. You tell yourself that you will stop the first time that either (a) you have $0 remaining, or (b) you have $300 total.
What's the probability that you end up with $300?
I'll do something awesome for anyone that answers this with full solution.
Peace out.
1 comment:
0%, whisky is expensive at Casinos and you also probably need food. Because these costs delay the time to get to the $300, the Casino will have already kicked you out. Problem solved. Get some help.
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