Step 1: Use the relation between angular momentum and angular velocity.
Angular momentum is
\[
L=I\omega
\]
Given,
\[
I=0.2\,\text{kg m}^2
\]
Initial angular momentum:
\[
L_1=4\,\text{kg m}^2\text{s}^{-1}
\]
Final angular momentum:
\[
L_2=2\,\text{kg m}^2\text{s}^{-1}
\]
Thus,
\[
\omega_1=\frac{L_1}{I}=\frac{4}{0.2}=20\,\text{rad/s}
\]
\[
\omega_2=\frac{L_2}{I}=\frac{2}{0.2}=10\,\text{rad/s}
\]
Step 2: Find initial and final rotational kinetic energies.
Rotational kinetic energy is
\[
K=\frac{1}{2}I\omega^2
\]
Initial kinetic energy:
\[
K_1=\frac{1}{2}(0.2)(20)^2
\]
\[
K_1=0.1\times 400
\]
\[
K_1=40\,\text{J}
\]
Final kinetic energy:
\[
K_2=\frac{1}{2}(0.2)(10)^2
\]
\[
K_2=0.1\times 100
\]
\[
K_2=10\,\text{J}
\]
Step 3: Find change in energy.
Energy lost:
\[
\Delta K=40-10=30\,\text{J}
\]
Time taken:
\[
t=4\,\text{s}
\]
Average power:
\[
P=\frac{\Delta K}{t}
\]
\[
P=\frac{30}{4}
\]
\[
P=7.5\,\text{W}
\]
Step 4: Final conclusion.
Hence, the average power of the wheel is
\[
\boxed{7.5\,\text{W}}
\]