Question

Walter has a debt of S9 and has S4 available. He considers gambling in a game where if he bets Idollar he wins S1 dollar with probability p= 0.45 and loses S1 dollar with probability 9= 0.55 Find the probability that he wins 59 dollars before losing all of his money if he bets S1 dollar each time (timid strategy). IF Walter is offered the option to gamble in another game where if he bets S1 dollar, he wins S2 dollars with probability p= 0.3 and loses S1 dollar with probability q= 0.7. Should he accept to play this game instead of the previous game? Your answer
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Answer 1

Explanation:

sanvdh karnyarya mulamulinchi nave liha