Find the expected value and variance


You are told that E(X) = 4 and var(X) = 2. Based on these, find the (numeric values for the) expected value and variance of Y, that is E(Y) and var(Y), for Y as defined in each of the following expressions:

a. Y = 4X - 2
b. Y = X + 8
c. Y = X / 2

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Microeconomics: Find the expected value and variance
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