Question: Suppose you enter into a bet with someone in which you pay $5 up front and are allowed to throw a pair of dice. You

Suppose you enter into a bet with someone in which you pay $5 up front and are allowed to throw a pair of dice. You receive a payoff equal to the total in dollars of the numbers on the two dice. In other words, if you roll a 1 and a 2, your payoff is $3 and your profit is $3 - $5 = -$2. Determine the probability associated with a value at risk of $0?

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