Suppose that AFC Richmond and West Ham United are fierce soccer rivals. They play each other 7 times each season. If either AFC Richmond or West Ham United win at least 4 of these 7 games, they are awarded the Annual Lasso Cup. If neither team wins at least 4 games, then the Lasso Cup is not awarded that year.

The AFC Richmond coach believes that there is a 0.40 probability that AFC Richmond will beat West Ham United in each game. There is a 0.25 probability that the two teams will tie in each game, and that there is a 0.35 probability that West Ham United will win each game.

Build a Monte Carlo simulation model to estimate the probability that AFC Richmond will win the Annual Lasso Cup next year. Use 2500 trials in your Monte Carlo simulation.

What is your estimate on the probability that AFC Richmond will win the Lasso Cup next year?