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?

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Expert Solution

By using the above table we got the p value

orchestra answered 1 year ago

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