at THE CASINO in Las Vegas, a customer can bet only in dollar increments. betting a certain amount is called "playing a round" . Associated with each dollar bet on a round, the customer has a 40%...

at THE CASINO in Las Vegas, a customer can bet only in dollar increments. betting a certain amount is called "playing a round" . Associated with each dollar bet on a round, the customer has a 40% chance to win another dollar and a 60% chance to lose his, dollar. If the customer starts with $4 and wants to maximize the chances of finishing with least $7 after two rounds, how much should be bet on each round?
May 24, 2022
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