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Problem 3. (4+8=12 points) Suppose that X and Y are independent random variables with E(X)=2, Var(X)=5,E(Y)=3 and Var(Y)=6. Determine (a) E(3X+2Y+1)=? (b) Var(3X+2Y+1)= ?.

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Problem 3. (4+8=12 points) Suppose that X and Y are independent random variables with E(X)=2, Var(X)=5,E(Y)=3 and Var(Y)=6. Determine (a) E(3X+2Y+1)=? (b) Var(3X+2Y+1)= ?

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  • 1. Problem 3. (4+8=12 points) Suppose that X and Y are independent random variables with E(X)=2, Var(X)=5,E(Y)=3 and Var(Y)=6. Determine (a) E(3X+2Y+1)=? (b) Var(3X+2Y+1)= ?