Question: We assume two people having same distribution. For these people, we assume also that losses are uncorrelated Outcome Probability Loss 10,000 dollars 0.05 0 0.95

We assume two people having same distribution. For these people, we

We assume two people having same distribution. For these people, we assume also that losses are uncorrelated Outcome Probability Loss 10,000 dollars 0.05 0 0.95 1. Explain risk pooling and give its main purpose 2. Calculate the expected value 3. Calculate the variance and Standard deviation

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