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Due Feb 6 by 11:59pm Submitting a fle upload Illustrate the concept of pooling by using three homes. Assume that each home's value is $250 , 000 and the probability of a home being destroyed in a fire is 1% What is the expected loss for each house? What is the standard deviation of loss? Please submit an excel spreadsheet. Media labus .

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Due Feb 6 by 11:59pm Submitting a fle upload Illustrate the concept of pooling by using three homes. Assume that each home's value is $250 , 000 and the probability of a home being destroyed in a fire is 1% What is the expected loss for each house? What is the standard deviation of loss? Please submit an excel spreadsheet. Media labus

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