This is multiple questions. I am working with the RAND formula and a coin toss with multiple simulations to formulate.
A player rolls two six-sided dice 20 times. Each die shows the numbers between 1-6. The dice are "FAIR" meaning that the numbers 1-6 can be rolled with equal probability. If the outcome on both dice is DOUBLES the player wins $5, if it is 7 or 11 they win $3, otherwise they lose $1. I need to put a separate cell for each dice rolled and for the amount they win or lose for 20 rolls. Here is what I have so far
=if(RAND()=Doubles,"Win $5",IF(Rand()=7 or 11, "Win $3, IF(Rand()<7,11,doubles, "Lose $1"))).
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