$E(X)=7$ and $Var(X)=5.83333$,
Here is my working:
Given that $E(X)=7, E(X^3)=343$??, hence $E(4X^3+5)= 4$, $E(X^3)+5 = 1377$
and $SD(X) = 2.4152$, $SD(X^3)=14.09$ hence $SD(4X^3 +5) = 4SD(X^3) = 56.35$
Is this the correct approach?
$E(X)=7$ and $Var(X)=5.83333$,
Here is my working:
Given that $E(X)=7, E(X^3)=343$??, hence $E(4X^3+5)= 4$, $E(X^3)+5 = 1377$
and $SD(X) = 2.4152$, $SD(X^3)=14.09$ hence $SD(4X^3 +5) = 4SD(X^3) = 56.35$
Is this the correct approach?
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