Total winnings in n hands


A gambler plays n hands of the poker. If he wins the kth hand, he gathers k dollars; if he loses the kth hand, he gathers nothing. Let T denote his total winnings in n hands. Supposing that his chances of winning each hand are constant as well as independent of his success or failure at any other hand, find E (T ) and Var(T ).

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Basic Statistics: Total winnings in n hands
Reference No:- TGS0861006

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