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CAN ANYONE HELP TO DO THIS QUESTION PLEASE URGENT Q1. (a) Suppose you bet with someone in which you pay RM4 upfront and allow to

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CAN ANYONE HELP TO DO THIS QUESTION PLEASE URGENT

Q1. (a) Suppose you bet with someone in which you pay RM4 upfront and allow to throw a pair of dice. You receive a payoff in dollar equals to the total numbers on the two dice. Determine the probability associated with the Value at Risk of RMO or less. [Hints: use historical simulation approach] (12 marks)

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