SOA Exam P Sample Question 330
Study guide: Exam P-1
The sales for a product can be modeled by Z = 4X - Y - 3. X and Y are independent random variables with \text{Var}(X)=2 and \text{Var}(Y)=3.
Calculate \text{Var}(Z).
- A) 5
- B) 11
- C) 29
- D) 32
- E) 35
Answer this question and see the worked solution