Compute the expected value of the number of tosses


Problem

A coin that has probability of heads equal to p is tossed successively and independently until a head comes twice in a row or a tail comes twice in a row. Find the expected value of the number of tosses.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Econometrics: Compute the expected value of the number of tosses
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