Question: Katy and Taylor toss a coin 100 times. Each time heads comes up, Katy pays Taylor $1; each time tails comes up, Taylor pays Katy
Katy and Taylor toss a coin 100 times. Each time heads comes up, Katy pays Taylor $1; each time tails comes up, Taylor pays Katy $2. What is the chance that Taylor is never ahead?
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To solve this problem we can use the concept of dynamic programming Let fij be the probability that ... View full answer
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