using gamma random variable, how do you find the variance of L= 30Y + 2Y^2 given that alpha = 3 and beta = 2?

may i know what is the formula for V(Y^2) and how do i work out the formula in terms of alpha and beta?

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- Mar 6th 2010, 01:44 AMalexandrabel90gamma distribution.
using gamma random variable, how do you find the variance of L= 30Y + 2Y^2 given that alpha = 3 and beta = 2?

may i know what is the formula for V(Y^2) and how do i work out the formula in terms of alpha and beta? - Mar 6th 2010, 07:11 AMmatheagle
Use

Likewise, find

Use the MGF to obtain the moments of your gamma distribution.

If you haven't learned that yet, you coudluse wikipedia,

or use a thread here that found the k{th} moment for the gamma.