Find the expected value for the random variable, Econometrics

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Find the expected value for the random variable

Problem

A random variable has a mean of 2 and a variance of 3. Find the expected value for the random variable Y = 2x² + 5x + 4.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Econometrics: Find the expected value for the random variable

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Econometrics: Find the expected value for the random variable

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