Question: Adding one more individual to a pooling arrangement between individuals who face the same probabilities of loss will: Increase the variability of outcomes and decrease

Adding one more individual to a pooling arrangement between individuals who face the same probabilities of loss will: Increase the variability of outcomes and decrease the average expected loss Decrease the variability of outcomes and decrease the average expected loss Decrease the variability of outcomes and will not affect the average expected loss Increase the variability of outcomes and increase the average expected loss

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