A Gambler Has an Opportunity to Play a Coin Tossing

question 28

Multiple Choice

A gambler has an opportunity to play a coin tossing game in which he wins his wager with probability .49 and loses his wager with probability .51.Suppose the gambler's initial stake is $40 and the gambler will continue to make $10 bets until his fortune either reaches $0 or $100 (at which time play will stop) .Which of the following statements is true?

• A)Increasing the amount of each wager from $10 to $20 will increase the expected playing time.
• B)Increasing the initial stake to $50 will increase the expected playing time.
• C)Reducing the initial stake to $20 will increase the expected playing time.
• D)Increasing the probability of winning from .49 to 1.0 will increase the expected playing time.

---

Definitions:

Lungs

Organs found in the respiratory system primarily responsible for the exchange of oxygen and carbon dioxide between the air and blood.

Otitis Media

Inflammation of the middle ear.

Sense of Fullness

The feeling of being adequately full or satiated, often related to the consumption of food.

Upper Respiratory Tract

The part of the respiratory system that includes the nose, nasal passages, pharynx, and larynx.