(Solved): What happens if you pool some identically and independently distributed risks together? (Single choi ...

What happens if you pool some identically and independently distributed risks together? (Single choice) a. pected loss does not change but variance of the average toss decreases 54% b. Expected loss does not change but variance of the average loss increases 31% c.Neither expected loss nor variance of the average loss changes 0% d. Expected loss increases but variance of the average loss

decreases