Chebyshev's inequality is often use to determine the probability that a random variable lies in a certain range: P(|L| 2 06) 5 72 We are given a P&L with unknown distribution, but with standard deviation equal to $3 million and mean equal to 0. We want to compute a (conservative) estimate for the 99% VaR using Chebyshev's inequality. Which of the following answers is correct? 1. $7.07 million 2. $21.2 million 3. $30 million 4. There is not enough information Do not forget to justify your