Solution
Jim was very close in enumerating the possibilities, but he missed out on some possibilities. Consider doing this with three different colored dice, a green one to set the "target", and one red and one blue one to provide the potential terms or factors. Now if the green one comes up with 2, then, as Jim said, there is only one way to get the addition--throwing snake-eyes. And while Jim's solution pointed out that 1 and 2 gave you the factors, he missed that there were two ways to get a 1 and a 2 -- 1 with 2; and 1 with 2
So to add that additional information to Jim's table, we get:
Target, Factors, Count
1, 1 1, 1
2, 1 2, 2
3, 1 3, 2
4, 1 4, 2
4, 2 2, 1
5, 1 5, 2
6, 1 6, 2
6, 2 3, 2
Total 14 possibilities for multiplication
Target, Terms, Count
1, ,
2, 1 1, 1
3, 1 2, 2
4, 1 3, 2
4, 2 2, 1
5, 1 4, 2
5, 2 3, 2
6, 1 5, 2
6, 2 4, 2
6, 3 3, 1
Total 15 possibilities for addition
So everyone who answered was right to pick addition, but the advantage was smaller than one might think.
BTW, there are 216 results for throwing the three dice, so the probability of either is relatively small. In fact, because of the small probability and closeness, you have to get a fairly large sample to get this result in a Monte Carlo test. I tossed the dice 1000 times (okay, my spreadsheet did), and multiplication was slightly favored. I had to go to a sample of 4000 tosses to get results reliably matching the probabilities. (I also don't know how good the random number generator in my spreadsheet is.)