RiskObjective (Bk1 - exam 1 & 2)

Ok, I just don’t get the individual return objectives in both of these. a. Book 1 exam 1, there is an expense shortfall of ~154K b. Book 1 - exam 2 also has a similar expense issue My issue is that in exam 2, ability is below avg while exam 1 has ability = avg… Can anyone shed some light on this?

anyone?

guys, any thoughts on this one?