Please help me with the questions about Table 2: (Below each question is the choice options)

40.Suppose that Kate and Anne enter into a pooling arrangement. Assume that both women have the following loss distributions (as shown in Table 2) and that losses are independent. Also assume that they will share the total loss equally. What are the expected loss and the standard deviation to each person prior to entering into a pooling arrangement?

650 and 6000

650 and 4252

600 and 4252

650 and 650

41.Suppose that Kate and Anne enter into a pooling arrangement. Assume that both women have the following loss distributions (as shown in Table 2) and that losses are independent. Also assume that they will share the total loss equally. What is the standard deviation to each person after entering into a pooling arrangement?

2500

4000

3800

3006

Table 2. Loss distributions for both Kate and Anne. Loss $50,000 $20,000 $10,000 $0 Probability 0.005 0.01 0.02 0.965