Question: 2. Suppose Sam and Jack each separately faces the same exact loss distribution, as follows: Possible Outcomes. Probability SO 0.95 $5,000 0.05 1) Measure Sam

2. Suppose Sam and Jack each separately faces the same exact loss distribution, as follows: Possible Outcomes. Probability SO 0.95 $5,000 0.05 1) Measure Sam or Jack's expected losses and standard deviation 2) Suppose Sam and Jack pool together so that each pays half whenever the other one experiences a loss: (a) What happens to the likelihood of So total loss? (b) What happens to the likelihood of $5,000 total loss? (c) What happens to the likelihood of S10.000 total loss? (d) What's the expected loss per person? (e) What's the standard deviation per person

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