BBy Bot
Jun 09'24

Exercise

[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]

Using the notation introduced in Example, let

[[math]] p_x = \left \{ \matrix{ \frac 23 \Bigl(\frac 13\Bigr)^k, & \mbox{if}\,\, x = 2^k, \cr 0, & \mbox{otherwise.}\cr }\right. [[/math]]

Show that there is exactly one value of [math]x[/math] such that if your envelope contains [math]x[/math], then you should switch.