Variance of a distribution is V. If each value of the variate be multiplied by a constant quantity k then new variance is

Question : What is new variance in the problemSolution :Let \(\mu\ \) be mean of the distribution then it’s variance V is defined as \[V=\frac{1}{n}\sum_{i=1}^{n}\left(x_i-\mu\right)^2\] If each value of the variate be multiplied by a constant quantity k then new…

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