Question: HELP TO SOLVE THE PROBLEM IN PYTHON PLEASE A gambler starts with k dollars, and engages in a series of bets. On each bet, the

HELP TO SOLVE THE PROBLEM IN PYTHON PLEASE

A gambler starts with k dollars, and engages in a series of bets. On each bet, the gambler wins one dollar with probability 1/2, and looses one dollar with probability 1/2. If he ever reaches a fortune of 6 dollars, he quits and his fortune stays at that level, and similarly if he ever hits 0 he quits and he stays broke. What is the approximate probability that the gambler ends up broke? Can you guess at how this probability should depend on the starting fortune k? Identify the communications classes and state for each class whether it is transient or recurrent, and whether it is periodic

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4. Trainees and their managers provide estimates of training benefits.

2. Place a value on the outcomes.