hello I will like help with this short assignment. please explain the steps used. thanks for your time.

The following will be used for Questions 2 and 3. Suppose you have two fair dice, each with 6 faces. 0 One die is coloured blue and has the following faces: {1, 1, 1, 2,2, 3}. o The other die is coloured red, and has the following faces {1, l, 2,2, 3, 3}. You found in Term Test 3 that the probability distributions for these dice are 1/2 m=1 1130!!) = 1/3 m = 2 PR() = for all n 6 {1,2,3}, 1/6 m = 3 Where p3 corresponds to the blue die, and p3 corresponds to the red die. 2. Consider the dice dened in the box at the top of the page. (i) (7 points) You're playing a game against Alexey. You have the blue die and Alexey has the red die. You both pay $1 and roll your die. Whoever rolls the higher number wins the money. If both dice are the same, both players get their money back. What is the expected value of your winnings if you play one round of this game? (Note that if you pay $1 to play the game, and win $2, you have won $1). (ii) (3 points) You and Alexey play another round of the same game, but you now switch dice. What is the expected value of your winnings. 3. Consider the dice dened in the box at the top of the page. Suppose that you roll both dice. Let E be the event that the sum of both dice is 4, and let F be the event that the blue die shows an odd number. (i) (4 points) Compute the probability P(E|F). (ii) (2 points) Compute the probability P(E). (iii) (4 points) Compute the probability P(F|E)