Question
you play a game in which you win $4 if you correctly predict the numbers of spots on a fair 6-sided die and you lose $1 if you don't correctly predict the number of spots. you plan to play 100 times.
how do you set up a box model to represent your net winnings assuming you guess at random?
what is the chance that your net winnings are less than $0?
how do you set up a box model to represent your net winnings assuming you guess at random?
what is the chance that your net winnings are less than $0?