I know that the formula for Variance of a linear function of a random variable is
$\textrm{var}(aX+b)=a^2\textrm{var}(X)$
But what about if the function is not-linear?
Is there any another formula to calculate it?
I know that the formula for Variance of a linear function of a random variable is
$\textrm{var}(aX+b)=a^2\textrm{var}(X)$
But what about if the function is not-linear?
Is there any another formula to calculate it?
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