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Doubt regarding correlation coefficient question
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Gaurav
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Sep 25, 2017; 11:16am
Doubt regarding correlation coefficient question
If the correlation between x and y is 0.3,what is the correlation between 2x+3/5 and 4y+7/11?
A)0.3
B)0.3/5*11
C)2*4*0.3/5*11
D)None of the above
Please also give the intuition behind the answer.
Amit Goyal
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Nov 04, 2017; 3:37am
Re: Doubt regarding correlation coefficient question
Administrator
Its (A).
Corr(2x + 3/5, 4y + 7/11) = Corr(2x, 4y) = Corr(x, y) = 0.3
soimmoi
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Nov 18, 2017; 11:54am
Re: Doubt regarding correlation coefficient question
The consumption set
C= {(x,y) belongs to R^2 x>x0> 0 and y>yo> o} is bounded and convex?
Amit Goyal
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Nov 19, 2017; 6:49am
Re: Doubt regarding correlation coefficient question
Administrator
It is not bounded above. It is a convex set.
soimmoi
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Nov 19, 2017; 12:24pm
Re: Doubt regarding correlation coefficient question
thank you so much, Sir.
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