Suppose that on each play of a certain game a gambler is equally likely to win or to lose. Suppose that when he wins, his fortune is doubled, and that when he loses, his fortune is cut in half. If he begins playing with a given fortune c, what is the expected value of his fortune after n independent plays of the game?

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A: Given that  n=500 , p=0.51 , q=1-p=1-0.51=0.49

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Statements and Logic

Logic is the analysis of general patterns of thoughts without regard to any specific sense of context.