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| Subject:
gambler's ruin: double or nothing
Category: Sports and Recreation Asked by: avatar10-ga List Price: $5.00 |
Posted:
30 Sep 2005 21:37 PDT
Expires: 30 Oct 2005 20:37 PST Question ID: 574878 |
Gambler's Ruin: with 200,000 average bet in baccarat, what s the probability of the client of either winning 12,000,000 or losing 12,000,000. please show solution. |
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| Subject:
Re: gambler's ruin: double or nothing
From: iakona-ga on 01 Oct 2005 08:19 PDT |
Now why are you asking us about Gambler's Ruin questions? |
| Subject:
Re: gambler's ruin: double or nothing
From: avatar10-ga on 01 Oct 2005 19:24 PDT |
it's a problem given in our stat class.... i wanted to know how to solve this kind of problem. |
| Subject:
Re: gambler's ruin: double or nothing
From: avatar10-ga on 01 Oct 2005 19:28 PDT |
i know it's the client who'll get broke first...but what is d probability? 99%, 86%?..... how to solve this....tnx again |
| Subject:
Re: gambler's ruin: double or nothing
From: aravindrajesh-ga on 02 Oct 2005 04:20 PDT |
the bet itself is only for 200000 then if a client loses he only loses only 200000 and not 12000000. as for winning 12000000 it has to be worked out mathematically.and by the way what is bacarrat. how is it played?. |
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