Consider the following loss distribution.QnAPossible damage $($S$)$Probability$0\mathrm{.}504000\mathrm{.}251,0000\mathrm{.}145,0000\mathrm{.}0812,0000\mathrm{.}03$Suppose that you are an individual facing this risk.What is your expected loss?What is the likelihood you will suffer no loss?What is the likelihood you will suffer a $$12,000$ loss?Now suppose you have $2$ other friends facing the identical risk. Suppose, too, that the $3$ of you decide to pool your losses.What is your expected loss?What is the likelihood you will suffer no loss?What is the likelihood you will suffer a $$12,000$ loss?