Question: 1. Problem 13.11 Consider the casino game Red Dog from Problem 3.25 again. Suppose that the initial stake of the player is $10. What are

1. Problem 13.11 Consider the casino game Red Dog from Problem 3.25 again.

Suppose that the initial stake of the player is $10. What are the expected values of the total amount staked and the payout in any given play? Use the law of conditional expectations to find these expected values.

366 Conditional distributions

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