Answer:
Step-by-step explanation:
From the given information,
Considering both cases when p = 0.5 and when p ≠ 0.5
the probability that the gambler will quit an overall winner is:
where ;
N.k = n and k = m
Hence, the probability changes to:
is p ≠ 0.5 and k/N =
is P = 0.5