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Given n independent policyholders with individual loss random variables X1, X2, ..., X, such that the expected value of any policyholder's loss is Hlph and

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Given n independent policyholders with individual loss random variables X1, X2, ..., X, such that the expected value of any policyholder's loss is Hlph and the variance is on If the insurer is providing these n policyholders with insurance, find the following (the detailed steps are required): 1. The expected value of the insurer's average loss per policy; 2. The variance of the average loss per policy

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