D Penny Plays A Game With Teresa In Which The Probability Of Winning 1 For Penn

(d) Penny plays a game with Teresa in which the probability of winning $1 for Penny is 0.55. Penny starts with $7 and quits the game when she goes broke or reaches $15. 

i) Find the probability that Teresa goes broke. 

ii) Determine the expected duration for the game

Prof. Angela


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