Question: Assume that X is a discrete Bernoulli random variable, where P(X = 0) = 1p and P(X = 1) = p. Now, assume that Y
Assume that X is a discrete Bernoulli random variable, where P(X = 0) = 1p and P(X = 1) = p. Now, assume that Y = 3X (a transformation of the random variable X). Using the Moment Generating Function (MGF) of Y , find the first 3 raw moments of Y (i.e., E[Y ], E[Y^2], E[Y^3]). Note: These need to be obtained via the MGF of Y , not by other means
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