(b) M is discrete random variable that has the expected value 25 and variance 3. Find: i. E(3M +24) ii. Var (2M – 14) + E(4M)

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section9.4: Expected Value
Problem 1E: If a game gives payoffs of $10 and $100 with probabilities 0.9 and 0.1, respectively, then the...
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(b)
M is discrete random variable that has the expected value 25 and variance 3.
Find:
i.
E(3M +24)
ii.
Var (2M – 14) + E(4M)
Transcribed Image Text:(b) M is discrete random variable that has the expected value 25 and variance 3. Find: i. E(3M +24) ii. Var (2M – 14) + E(4M)
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