question archive Let τ be the random time when a random walk first hits either the point x = 2 or −2

Let τ be the random time when a random walk first hits either the point x = 2 or −2

Subject:FinancePrice:2.86 Bought7

Let τ be the random time when a random walk first hits either the point x = 2 or −2. That is :
τ = τ1 = min {n : |Sn| = 2}
Please find the probability distribution and the expected value of τ. Hint: You can consider consecutive
pairs with a ’size of 2’ such as (1, 1),(−1, −1) and consecutive pairs such as (−1, 1),(1, −1) separately
and get help from first success probability. (You don’t have to of course, as long as you solve the question
any method is great.)

Option 1

Low Cost Option
Download this past answer in few clicks

2.86 USD

PURCHASE SOLUTION

Option 2

Custom new solution created by our subject matter experts

GET A QUOTE

rated 5 stars

Purchased 7 times

Completion Status 100%