Question
Statistics for Economics Question on Probability
Consider two independent random variables: X∼N(5,4) and Y N(3,2). If (2X+3Y) N(μ,σ2), then the values of mean (μ) and variance (σ2) are
A
μ = 19 and σ2 = 34
B
μ = 8 and σ2 = 14
C
μ = 19 and σ2 = 14
D
μ = 8 and σ2 = 34
Answer
μ = 19 and σ2 = 34
Explanation
Solution
The correct answer is (A) :μ = 19 and σ2 = 34