Question: If the simple correlation coefficient between two linearly correlated continuous variables X and Y is 0 . 5 4 , and a positive value

If the simple correlation coefficient between two linearly correlated continuous variables X and Y is 0.54, and a positive value "a" has been added for all values of variable X, then obtained simple correlation coefficient will be
Question 14Answer
a.
still the same
b.
0
c.
increased
d.
decreased

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!