Hi, Please use R code to solve the problem. An example to this problem is above - Thanks

In this question, you will need to address different tasks related to random number generators and Monte Carlo (MC) simulations 1. Game 2 Phase 2: Let's consider a game in which a dice is rolled 5 times. The game pays you a $1, if the difference between the maximum number and the minimum number is larger than 4 Otherwise, it pays 0. However, to participate, you need to pay Sp. What is the fair price for this o break even? To answer this, use a MC simulation for N 10, 100, 1000, 10000. Plot your answer as a function of In this question, you will need to address different tasks related to random number generators and Monte Carlo (MC) simulations 1. Game 2 Phase 2: Let's consider a game in which a dice is rolled 5 times. The game pays you a $1, if the difference between the maximum number and the minimum number is larger than 4 Otherwise, it pays 0. However, to participate, you need to pay Sp. What is the fair price for this o break even? To answer this, use a MC simulation for N 10, 100, 1000, 10000. Plot your answer as a function of