Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...
The random variable 2−3X is of the form aX+b, with a=−3 and b=2. Thus, Var(2−3X)=(−3)2Var(X)=9⋅2=18. Is it always true that $E[X^2]≥(E[X])^2$? We know ...