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QUESTION

(d) Penny plays a game with Teresa in which the probability of winning $1 for Penny is 0. Penny starts with $7 and quits the game when she goes broke...

(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

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