1. Use the following table of information to answer the questions below. Probability of Loss Outcome #1 Loss Outcome #2 Loss Outcomes .15 .85 Hanna $1,500 $0 Kim $1,000 $100 a. What is Hanna's expected loss and standard deviation of expected loss? b. What is Kim's expected loss and standard deviation of expected loss? Hanna's and Kim's decide to form a risk pool and share the losses equally c. (a) Construct a table displaying the Hanna's portion of the possible outcomes of the sharing arrangement and the probabilities thereof. (b) What is the expected loss and standard deviation of expected loss for Hanna's outcome from the sharing arrangement? assumption has been relaxed, and what is the noticeable impact in a pooling arrangement of this type? (c) What is the advantage to Hanna and Kim if they form a risk pool, what pooling 1. Use the following table of information to answer the questions below. Probability of Loss Outcome #1 Loss Outcome #2 Loss Outcomes .15 .85 Hanna $1,500 $0 Kim $1,000 $100 a. What is Hanna's expected loss and standard deviation of expected loss? b. What is Kim's expected loss and standard deviation of expected loss? Hanna's and Kim's decide to form a risk pool and share the losses equally c. (a) Construct a table displaying the Hanna's portion of the possible outcomes of the sharing arrangement and the probabilities thereof. (b) What is the expected loss and standard deviation of expected loss for Hanna's outcome from the sharing arrangement? assumption has been relaxed, and what is the noticeable impact in a pooling arrangement of this type? (c) What is the advantage to Hanna and Kim if they form a risk pool, what pooling