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Suppose you have a distribution, X, with mean = 4 and standard deviation = 4. Define a new random variable Y = 6X - 2.
Suppose you have a distribution, X, with mean = 4 and standard deviation = 4. Define a new random variable Y = 6X - 2. Find the mean and standard deviation of Y.
a)E[Y] = 22; Y= 22
b)E[Y] = 22; Y= 144
c)E[Y] = 22; Y= 24
d)E[Y] = 24; Y= 144
e)E[Y] = 24; Y= 22
f)None of the above
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