Consider the following linear transformation of a random variable y = 
where μx is the mean of x and σx is the standard deviation.Then the expected value and the standard deviation of Y are given as
Definitions:
Free-Market Economy
An economic system where prices are determined by unrestricted competition between privately owned businesses without government intervention.
Negative Externality
A situation where a third party suffers costs or harm as a result of an economic transaction between other parties, without compensation, such as pollution from a factory affecting nearby residents.
Property Values
The monetary worth assigned to real estate, determined by various factors including location, size, and condition of the property.
Consumer Surplus
The difference between what consumers are willing to pay for a good or service and what they actually pay, representing the additional satisfaction or benefit gained.
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