Correlation doesnt depend on units Suppose you convert y = income from British pounds to dollars, and

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Correlation doesn’t depend on units Suppose you convert y = income from British pounds to dollars, and suppose a pound equals 2.00 dollars.

a. Explain why the y values double, the mean of y doubles, the deviations 1y - y2 double, and the standard deviation sy doubles.

b. Using the formula for calculating the correlation, explain why the correlation would not change value.

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Related Book For  book-img-for-question

Statistics The Art And Science Of Learning From Data

ISBN: 9781292164878

4th Global Edition

Authors: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg

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