SOA Exam P Sample Question 77
Study guide: Exam P-1
The profit for a new product is given by Z = 3X - Y - 5. X and Y are independent random variables with Var(X) = 1 and Var(Y) = 2.
Calculate Var(Z).
- A) 1
- B) 5
- C) 7
- D) 11
- E) 16
Answer this question and see the worked solution