Part I Loss Pooling Suppose that Kate and Anne enter into a pooling arrangement. Assume that both women have the following loss distributions and that losses are independent. = Loss = $50,000 with probability 0.01 $1,000 with probability 0.03 $0 with probability 0.96 1. Write out the possible outcomes and the probability of each outcome for Kate and Anne after they enter into a pooling arrangement. That is, write out the probability distribution for each of the women after they enter into a pooling arrangement. Part I Loss Pooling Suppose that Kate and Anne enter into a pooling arrangement. Assume that both women have the following loss distributions and that losses are independent. = Loss = $50,000 with probability 0.01 $1,000 with probability 0.03 $0 with probability 0.96 1. Write out the possible outcomes and the probability of each outcome for Kate and Anne after they enter into a pooling arrangement. That is, write out the probability distribution for each of the women after they enter into a pooling arrangement