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Consider a game in which you throw a fair die and win R1 if the numbers 1, 2 or 3 come up and lose R1
Consider a game in which you throw a fair die and win R1 if the numbers 1, 2 or 3 come up and lose R1 otherwise. Let X = the amount you win/lose on each spin of the die. Suppose you play this game n = 100 times, recording , the average gain/loss over the 100 plays. Use Excel to simulate this 100-play game 500 times (suggestion: put each 100-play game in a separate column)
Can I please have the excel instructions, I am struggling with putting this into excel
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