An insurance company estimates the following probabilities of various losses for a certain risk for probability distribution I and 2. Probability distribution 1: Amount of Loss X1 = 0, 900, and 1,500 Probability of loss P1 = 0.30, 0.50, and 0.20 Probability distribution 2: Amount of Loss X1 = 562, and 875 Probability of loss P1 = 0.40 and 0.60 You are required to calculate: 1. Mean loss values for both the distributions and state which is more riskier based on mean loss value. (0.5+0.5+0.5=1.5 Points) 2. Calculate Variance and Standard deviation and state which distribution is more riskier stating the law of large numbers (2+2+ 0.5=4.5 Points)