Question: PLEASE EXPLAIN HOW YOU DO THE REPLICATIONS OF THE SIMULATIONS AND THE STEPS TO GET THE ANSWER The game of craps requires the player to

PLEASE EXPLAIN HOW YOU DO THE REPLICATIONS OF THE SIMULATIONS AND THE STEPS TO GET THE ANSWER

The game of craps requires the player to throw two dice one or more times until a decision has been reached as to whether she (or he) wins or loses. She wins if the first throw results in a sum of seven or 11 or, alternatively, if the first sum is 4, 5, 6, 8, 9, or 10 and the same sum reappears before a sum of seven has appeared. Conversely, she loses if the first throw results in a sum of 2, 3, or 12 or, alternatively, if the first sum is 4, 5, 6, 8, 9, or 10 and a sum of 7 appears before the first sum reappears.

a. Formulate a spreadsheet model for performing a computer simulation of the throw of two dice. Perform one replication.

b. Perform 25 replications of this simulation.

c. Trace through these 25 replications to determine the number of times the simulated player would have won the game of craps when each play starts with the next throw after the previous play ends. Please show how to perform these steps and answer the question with excel

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