(See Solution) Show that E(α X)=α E(X), var;(α X)=alpha
Question:
Show that \(E\left( \alpha X \right)=\alpha E\left( X \right)\), \(\operatorname{var}\left( \alpha X \right)={{\alpha }^{2}}\operatorname{var}\left( X \right)\).
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Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document 
