If a, b are constants then, Var(a+bX) is
Let x1,x2,.....xn be values taken by a variable X and y1,y2,.....yn be the values taken by a variables Y such that yi=axi+b,i=1,2,.....,n. Then.
Let X be a random variable whose possible values x1, x2, x3, ..., xn occur with probabilities p1, p2, p3,..., pn, respectively. Also, μ be the mean of X. The variance of X, denoted by Var (X) is defined as