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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
