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

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February 24, 2021 at 5:00 am #3261
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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