ASM Exam C Manual Exercise 11.15 [4F01:36]
For this question, can someone help me understand how is the average number of losses per year = 2,000,000/23,759?
This does not make sense to me because 2,000,000 is the aggregate loss, but 23,759 is average payment with policy limit of 1,000,000  so how is expected number of loss = expected aggregate loss / expected payment with policy limit?
I understand the formula is E[S]=E[N]*E[X] but my understanding is that this E[min(Loss;1,000,000)] is not E[X].
Also, anyone found Abe (the one who wrote the book and made the coaching actuaries videos) a bit passive aggressive when answering questions? I feel disencouraged asking questions on CA because of that..
