Revision as of 22:27, 15 June 2024 by Admin
BBy Bot
Jun 09'24
Exercise
[math]
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With the situation in Exercise,consider the strategy such that for [math]i \lt 4[/math], Smith bets [math]\min(i,4 - i)[/math], and for [math]i \geq 4[/math], he bets according to the bold strategy, where [math]i[/math] is his current fortune. Find the probability that he gets out of jail using this strategy. How does this probability compare with that obtained for the bold strategy?