The expected value and variance of the random variable X are as follows:         E(x) = 716.04               var(x) = 48656.08           The random variable x is now transformed to y according to the following linear equation.                       y = a + bx               a = 523.215               b = 11.275             15 The expected value of the transformed random variable y is: a 8768.497         b 8596.566         c 8428.006         d 8262.751

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The expected value and variance of the random variable X are as follows:    
    E(x) = 716.04          
    var(x) = 48656.08          
The random variable x is now transformed to y according to the following linear equation.
                 
    y = a + bx          
    a = 523.215          
    b = 11.275          

 

15 The expected value of the transformed random variable y is:
a 8768.497        
b 8596.566        
c 8428.006        
d 8262.751        
Expert Solution
Step 1

Given data is E(x)=716.04Var(x)=48656.04given linear equation is y=a+bxa=523.215b=11.275Then,y=523.215+11.275(x)

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