Question: 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

CAN ANYONE HELP TO DO THIS QUESTION PLEASE URGENT Q1. (a)

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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