ECMT3150: Assignment 1 (Semester 1, 2022) Lecturer: Simon Kwok Due: 5pm, 18 March 2022 (Friday) 1. [Total: 20 marks] Bob is a grown-up now. With the pocket money from his dad Simon, Bob went to the casino to try his luck. Being a
rst-time gambler, he decided to start by betting big-and-small. For the sake of this question, we assume the game is fair in the sense that all rounds are independent and the probabilities of winning and losing in a round are both equal to 0.5. More precisely, we de
ne the indicator yn as follows: yn = ( 1 if Bob wins in the nth round,