Probability 4. We assume a new distribution of costs (Pooling with 2 people) Loss to Outcomes Neither 0 dollars Ann 5,000 Bob 5,000 Both 10,000 when the probability of the event happend = 0.05 I the event didn't happend = 0.95 a. Complete the table above b. Calculate the expected value c. Calculate Variance and Standard deviation d. Compare between results of question 3. Interpret Probability 4. We assume a new distribution of costs (Pooling with 2 people) Loss to Outcomes Neither 0 dollars Ann 5,000 Bob 5,000 Both 10,000 when the probability of the event happend = 0.05 I the event didn't happend = 0.95 a. Complete the table above b. Calculate the expected value c. Calculate Variance and Standard deviation d. Compare between results of question 3. Interpret