Tried to model a popular game I was playing, but the probabilities seemed off.
A game allows you to have up to 12 wins but only allows 3 losses. Each win/lose is independent from each other with a 50% probability and assuming we play until 12 wins are hit or 3 losses have occurred. What is the probability of having at least 7 wins?
Attempt: Let X be number of wins. I know that if X = 7, then there were 10 games total. X = 8, 11 games total. . . . For X = 12, there is a special case of 12, 13, 14 total games.
I assumed that X was a binomial random variable and summed up the possibilities for X = 7, 8, 9, 10, 11, 12 and it comes out to be around 30.6% which seems plausible, but if I up the win chance to 75%, then the sum of the probabilities becomes greater than one which implies my original logic is flawed.