Suppose that each time Michael Jordan takes a 3-point shot, he has a 37% probability of success, independent of all other attempts. If Jordan takes seven 3-point shots in a game, what is the variance of the total number of points he scores from these shots?
0.37 chance of making the shot. So the variance of 7 shots being made is 7 * p (1-p) = 7 * (0.37) (1-0.37) = 1.63
How do you account for the 3 points that each shot is worth?