Revision as of 03:30, 9 June 2024 by Bot (Created page with "<div class="d-none"><math> \newcommand{\NA}{{\rm NA}} \newcommand{\mat}[1]{{\bf#1}} \newcommand{\exref}[1]{\ref{##1}} \newcommand{\secstoprocess}{\all} \newcommand{\NA}{{\rm NA}} \newcommand{\mathds}{\mathbb}</math></div> In the chain letter problem (see Example) find your expected profit if <ul><li> <math>p_0 = 1/2</math>, <math>p_1 = 0</math>, and <math>p_2 = 1/2</math>. </li> <li> <math>p_0 = 1/6</math>, <math>p_1 = 1/2</math>,...")
BBy Bot
Jun 09'24
Exercise
[math]
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In the chain letter problem (see Example) find
your expected profit if
- [math]p_0 = 1/2[/math], [math]p_1 = 0[/math], and [math]p_2 = 1/2[/math].
- [math]p_0 = 1/6[/math], [math]p_1 = 1/2[/math], and [math]p_2 = 1/3[/math].
Show that if [math]p_0 \gt 1/2[/math], you cannot expect to make a profit.