Find E(Y^2) and Var(100Y-35)
I don't really know where to start.. any suggestions? I know that variance = Var(Y) = E[Y - mean]^2
Find E(Y^2) and Var(100Y-35)
I don't really know where to start.. any suggestions? I know that variance = Var(Y) = E[Y - mean]^2
Use the following properties :
$$ E(aY+b)=aE(Y)+b$$
$$V(aY+b)=a^2V(Y)$$
$$ V(Y)=E(Y^2)-E(Y)^2$$