plz solve 5c

Compare your results to those of question 3 and 4 (c).Interpret your results

Calculate the variance and Standard deviation Variance = 4512500 + 237500 = 4750000 SDESORT (4750000) = 2179.4495 + We assume a new distribution of costs (Pooling with 2 people) Loss to Outcomes Probability outcomes PX (X-X)P*(X-X)"2 Neither dollars Ann 5.000 Bob 5.000 Both 10,000 0.00 0.15 0.25 0.00 0.00-7500 5000 1250 -2500 5000 1250-2500 10000 5000 2500 0.00 1562500 1562500 3125000 0:50 a. Complete the table above The answer is in the table above b. Calculate the expected value E(X) = (0 + 1250 + 1250+ 5000) = 7500.00 c. Calculate Variance and Standard deviation Variance = (1562500 + 1562500 + 3125000) = 6250000 SD - SORT (variance) =SQRT (6250000) = 2500 d. Compare between results of question 3. Interpret Variance estimates the dissemination of information in the dollar value around the focal worth. Standard deviation estimates the estimates of information comparative with the focal worth. s. We assume 4 people having same distribution. The pooling arrangement between 4 people is given as following, Outcome Probability PX x-x P*(X-X'^2 Loss $10.000 $7,500 $5,000 $2,500 SO 10.000006 10.000475 0.014 10.171 10.815 10.06 3.56 70.00 427.50 000.00 19498.88 6998.88 14498.88 1998.88 -501.12 541.37 23267.535 283358.58 683232.425 204665.86 . Calculate the Expected value E(X)= 0.06 +3.56 + 70.00 + 427.50 = 501.12 b. Calculate variance and Standard deviation Variance = (541.37 * 23267.535* 283358.58 * 683232.425 * 204665.86) = 1195065.78 SD = SQRT (Variance) = 1093.199 Compare your results to those of question 3 and 4 (c). Interpret your results