Find the two step transition matrix

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Reference no: EM13177509

Moe and Joe flip a slightly unbalanced coin until the one or the other loses all his money. On a single flip Joe wins with probability .49. Joe starts with $8 and Moe start with $4. 1. Find the probability Joe will win all of Moe's money. 2. Write out the transition matrix P for this game. 3. Find the two step transition matrix.

Reference no: EM13177509

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