Answer questions 5 to 7 based on the following information. Alan faces the risks of financial problem and health problem. Assume that the two risks are independent. Each of the problems has the following loss amounts and probabilities of loss: Financial problem Health problem What of the following statement(s) is/are true about the expected amount and standard deviation of loss for the financial problem? (i) The expected loss is greater than $5,000. (ii) The standard deviation is less than $25,000. (iii) The standard deviation of the loss is greater than the expected loss. Select one: a. (i) only b. (ii) only c. (i) and (ii) only d. (i) and (iii) only e. All of the statements are true. Question 6 Marked out of 1.00 What are the expected amount and standard deviation of loss for the health problem? Select one: a. Expected loss: $500 Standard deviation of loss: $15,796 b. Expected loss: $500,000 Standard deviation of loss: $15,796 c. Expected loss: $500 Standard deviation of loss: $15,803 d. Expected loss: $500,000 Standard deviation of loss: $15,803 e. None of the above Which of the following statements are correct? Select one: a. In terms of standard deviation of loss, the financial problem is less risky than the health problem. b. In terms of standard deviation of loss, the financial and health problems have the same level of risk. c. In terms of expected loss, Alan should save five times more for the financial problem than the health problem. d. Alan can purchase general liability insurance to manage his health risk. e. None of the above