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Let Xn be simple random walk, with initial fortune a and probability p = 0499 of winning each…

Let Xn be simple random walk, with initial fortune a and probability p = 0499 of winning each bet. Compute the gambler’s ruin probability following values of a and c. Interpret your results in words.

Let Xn be simple random walk, with initial fortune a and probability p = 0499 of winning each...