On each bet, a gambler loses $2 with probability 0.2, loses $1 with probability 0.7, or...

On each bet, a gambler loses $2 with probability 0.2, loses $1 with probability 0.7, or wins $10 with probability 0.1.

After 100 of these bets, what is the approximate probability that the gambler's total is negative?

Show your work below.

Expert Solution

By using the above table we got the p value

orchestra answered 2 years ago

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