Case 3: Suppose Emily has the same loss distribution as Sam and Jack. Emily, Sam and Jack pool risk together and each pays 1/3 whenever the other one experiences a loss. Which of the following is FALSE?

A) The expected loss per person of Case 3 is the same as that of Case 2.

B) The standard deviation of the aggregate loss of Case 3 is lower than that of Case 2.

C) The expected aggregate losses of Cases 2 and 3 are different.

D) The expected aggregate loss of Case 3 is higher than that of Case 2.