two gamblers call them gambler a and gambler b flip a coin repeatedly
Two gamblers, call them Gambler A and Gambler B flip a coin repeatedly. The coin is unfair and comes up heads 2/3 of the time. Gambler A wins one dollar from Gambler B, when a head is tossed. Conversely Gambler B wins one dollar from Gambler A when a tail is tossed. The coin tosses are independent. The game ends when one of the gamblers runs out of money. There are 5 dollars in the pot. Determine the probability that Gambler A wins the game if he starts with I dollars.Here I = 1, 2, 3, or 4. 1 0 or 5 are absorbing states, so that they cannot be used as initial states. This means that if Gambler A has zero dollars, he is ruined and if Gambler A has five dollars, he won the game.
*The amount will be in form of wallet points that you can redeem to pay upto 10% of the price for any assignment. **Use of solution provided by us for unfair practice like cheating will result in action from our end which may include permanent termination of the defaulter’s account.Disclaimer:The website contains certain images which are not owned by the company/ website. Such images are used for indicative purposes only and is a third-party content. All credits go to its rightful owner including its copyright owner. It is also clarified that the use of any photograph on the website including the use of any photograph of any educational institute/ university is not intended to suggest any association, relationship, or sponsorship whatsoever between the company and the said educational institute/ university. Any such use is for representative purposes only and all intellectual property rights belong to the respective owners.