Can anybody please help me with question 4. The cut off bin values are bin 0 = $1 and bin 14=$1.
Any advice would be appreciated, thank you.
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You are asking for help on #4 this time, right?
What does it mean, in your class, to "mathematically simulate the dropping of 3 balls"? To me, a simulation would be done with a computer; I wouldn't expect that to mean calculating a probability, but you'll have to decide what it means.
Then they say to list combinations; possibly this is what they mean by "simulation", though it doesn't involve probability as I would expect. What sets of 3 balls would result in a total of more than 1,000,000? For example, one would be bins 0, 6, and 13: $1+$1+$1,000,000=$1,000,002.
I have to say, the problem is not very clearly written, unless you had examples just like it in class that clarify what is meant.