Question: please send asap. provide step-by-step instructions 2. A Gambler starts a game of chance with $1. The game is a 50/50 chance to make $1

please send asap. provide step-by-step instructions

2. A Gambler starts a game of chance with $1. The game is a 50/50 chance to make $1 if you bet $1. If he makes $4, he gives $1 away to the local school for delinquent rabbits and keeps playing with his remaining $3. If he hits $0, he stops playing. a. Draw the transition probability diagram b. What is the probability that he has >= $2 after 3 rounds of gambling? c. What is the meaning behind pi($1) d. What is pi

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