IFM – ASM (1st edition) Practice Exam 3 – #27

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    Summer Back
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    Not sure if this is the right place to post a question  like this, but I am hoping that someone can help me.

    I don’t know why the double expectation is used in here and how it’s getting those numbers. Also, I wonder if there’s a different approach.

    Thank you in advance for your help!

     

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