Linear AlgebraSuperchallengeMarkov Chains & Long-Run Behavior
Markov Chains & Long-Run Behavior · Superchallenge problem
Two players play a sequence of points; the game ends as soon as one player leads by points. You win the first point with probability . After you win a point, you win the next one with probability ; after you lose a point, you win the next one with probability . What is the probability that you win the game? Express your answer as a common fraction.