(Answered) Suppose you have a distribution x with mean 29 and

Finance

Suppose you have a distribution, X, with mean = 29 and standard deviation = 6. Define a new random variable Y = 4X - 5. Find the mean and standard deviation of Y.

a) E[Y] = 111; σY= 19

b) E[Y] = 116; σY= 96

c) E[Y] = 111; σY= 96

d) E[Y] = 116; σY= 19

e) E[Y] = 111; σY= 24

f) None of the above

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