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LHS
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Homework Statement
Hi,
I'm stuck on the very last part of 5.b
https://www.maths.ox.ac.uk/system/files/attachments/PaperC2003.pdf
Homework Equations
The Attempt at a Solution
I can't prove the inequality, would it be right to say the expected premium would be
£M(lambda)^(E[Y]-1)
Then I get (lambda)^(E[Y]-1)>k.. thinking I must have done something wrong because can't see how to get this to the one stated.
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