Find expected value of the random variable

Reference no: EM13144746

Suppose the price of a gallon of gasoline varies from week to week. Let the random variable X denote the price of a gallon of gasoline for the week. Suppose the expected value of X is $1.468 with a variance of 0.0061. The number of gallons that a gas station sells per week depends on the price of a gallon of gasoline. Let the random variable Y measure the number of gallons (measured in thousands of gallons) that this gas station sells per week. If Y = 340 - 90X, what is the expected value of the random variable Y?

Reference no: EM13144746

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