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Mathematics, 25.11.2021 14:00 faithiemusic689

Scenario 1: Mike goes to the casino with $300. His plan is to bet $100 on red 7 consecutive times or until he either has increased his total to $500 or has lost all of his money. What is the probability he will go bankrupt (i. e. end up with $0)

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Scenario 1: Mike goes to the casino with $300. His plan is to bet $100 on red 7 consecutive times or...

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