Poisson processes Assignment | Professional Writing Services |

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Poisson processes Assignment | Professional Writing Services |

Teams 1 and 2 are playing a match.

The teams score points according to toindependent Poisson processes with respective rates ¸1 and ¸2. If the match endswhen one of the teams has scored k more points than the other, find the probabilitythat team 1 wins. Hint: Relate this to the gambler’s ruin problem.
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