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In this video, we will look at Sample Question 101 from the Society of Actuaries' Exam P (Probability) list of sample questions.
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The question reads (mainly to help people find this video when searching):
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
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#Calculus #Actuary #ExamP #Probability #Theory #Math #Tutorial #Science #Education
