1 .Suppose we play a game where we start with c dollars. On each play of the game you either… 1 answer below »

1 .Suppose we play a game where we start with c dollars. On each play of the game you either… 1 answer below »

1 .Suppose we play a game where we start with c dollars. On each play of the game you either double or 2 .halve your money, with equal probability. What is your expected fortune after n trials?

Show that V(X) = 0 if and only if there is a constant c such that P(X = c) = 1.

 

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