Gambler’s Ruin: A Lesson in Probability

The Riddler Express for Friday, February 23 was a gambler's ruin problem, so I thought I would walk you through the solution and show you how the following problem can be solved. Suppose you have one quarter, and I have two quarters.  Each round, a die is rolled. If a 1, 2, 3, or 4 … Continue reading Gambler’s Ruin: A Lesson in Probability