Question: Please show work. thanks 5. Two people with same distribution of their wealth: Outcome $1,000 Probability 0.50 0.50 0 1) What are the mean and

Please show work. thanks

Please show work. thanks 5. Two people with same distribution of their

5. Two people with same distribution of their wealth: Outcome $1,000 Probability 0.50 0.50 0 1) What are the mean and standard deviation for each individual? 2) What are the mean and standard deviation of the average wealth if these two people decide to pool their wealth together

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