Problem 3: Roll the dice.. A game is set where you roll a dice and your payoff is equal to the number you roll. Before you participate you want to check some things.. (Show the calculations or use an argument) 1. What is your expected payoff of the game? 2. What is the variance of the payoff of the game? 3. What is the VaR at the 20% level? 4. What is the Expected Shortfall at the 20% level? Problem 3: Roll the dice.. A game is set where you roll a dice and your payoff is equal to the number you roll. Before you participate you want to check some things.. (Show the calculations or use an argument) 1. What is your expected payoff of the game? 2. What is the variance of the payoff of the game? 3. What is the VaR at the 20% level? 4. What is the Expected Shortfall at the 20% level