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Probability (no idea of the kind, and how to do it!)

  1. Nov 28, 2009 #1
    1. The problem statement, all variables and given/known data

    Peter and Paul bet one dollar each on each game. Each is willing
    to allow the other unlimited credit. Use a calculator to make a
    table showing, to four decimal places, for each of p = 1/10, 1/3,
    .49, .499, .501, .51, 2/3, 9/10 the probabilities that Peter is ever
    ahead by $10, by $100, and by $1000.



    2. Relevant equations



    3. The attempt at a solution

    I don't know what to apply here. Thank you very much for any help!
     
  2. jcsd
  3. Nov 28, 2009 #2
    What random variable would it be appropriate to define?
     
  4. Nov 28, 2009 #3
    Thank you for reply, rochfor.
    I don't know what p is referring to. If p is the probability of winning a game, I don't know whose player the p is.
     
  5. Nov 28, 2009 #4
    I imagine p is the probability of winning a game. I imagine wherever you got the problem from is a bit more explicit about which player's probability it is.
     
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