Eric is playing a series of card games against Victor. Eric has a 55% chance of winning each game while Victor has a 45%

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Eric Is Playing A Series Of Card Games Against Victor Eric Has A 55 Chance Of Winning Each Game While Victor Has A 45 1 (69.48 KiB) Viewed 23 times

Eric is playing a series of card games against Victor. Eric has a 55% chance of winning each game while Victor has a 45% chance of winning each game. It is assumed that each game is independent of the other games. The winner of each game gets $10 from the loser. Eric starts with $40 while Victor starts with $80. They continue to play until one of them goes broke. i. Find the probability that Eric wins all the money. [4 marks] ii. Find the probability that at some point during the series of will have $100. [4 marks] games Victor