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Suppose you are playing a second game with a set of 5 'loaded' dice. The dice are loaded such that '1' and '2' each occur
Suppose you are playing a second game with a set of 5 'loaded' dice. The dice are loaded such that '1' and '2' each occur with probability 0.40; 3, 4, 5 and 6' each occur with probability 0.05. Set up a discrete probability model in Minitab for this example and store the model in C1 and C2. In the game, you roll the 5 loaded dice and record the sum on the dice. There are two strategies for winning that you must choose between. Strategy 1: You win if you roll any sum between 5 and 10 inclusive. Strategy 2: You win if you roll a sum of 17, 18 or 19. In order to choose your winning strategy, simulate the rolls of the dice. First roll the 5 fair dice 1500 times and store the results in C3-C7. Next, calculate the sum on the fair dice using Row Statistics to sum C3 - C7 and store the results in C8. Create a Histogram of the sums in C8 and save the graph as "Fig2.png" in your preferred local folder. Using "Fig2.png", answer which one of the following statement is true? 1. The histogram of the sum of these loaded dice is skewed to the right. Il. The histogram of the sum of these loaded dice is roughly symmetric. Ill. The histogram of the sum of these loaded dice is skewed to the left. IV. None of the above. From Question 3, calculate the experimental probabilities for the 2 strategies. Based on your findings, which one of the following strategies is the better strategy? 1. Strategy 1 O Il. Strategy 2 O Ill. Both Strategies are equivalent O IV. None of the above
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