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The problems trading firms ask, taught by technique.

673 problems and 132 variations in probability, expectation, random processes, statistics, games and brainteasers. Every one has a complete worked solution, grouped by the idea that cracks it.

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Problem 6.8Medium Free

HHT Before HTT

A fair coin is flipped repeatedly until either the pattern HHTHHT or the pattern HTTHTT has appeared as a run of three consecutive flips. Find the probability that HHTHHT appears first.

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