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PLEASE EXPLAIN STEP BY STEP ANSWER IS 2 DOLLARS A card is drawn at random from a deck of playing cards. If it is red,

PLEASE EXPLAIN STEP BY STEP ANSWER IS 2 DOLLARS

A card is drawn at random from a deck of playing cards. If it is red, the player wins 1 dollar; if it is black, the player loses 2 dollars. If it is an ace you win an extra 2 dollars. If it is a king, you lose an extra 1 dollar. What is VaR at 95% confidence interval

Answer is 2 dolars

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