Show that if Y = aX + b (a 0), then Corr(X, Y) = + 1

Question:

Show that if Y = aX + b (a ≠ 0), then Corr(X, Y) = + 1 or - 1. Under what conditions will ρ = + 1?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: