Question: Suppose you are using data on two random variables X and Y to calculate Cov ( X , Y ) . After calculating the covariance,

Suppose you are using data on two random variablesXandYto calculateCov(X,Y). After calculating the covariance, you find out that the person entering the data accidentally divided both variables,XandY, by 4. If you recalculate the covariance after correcting the data, the new covariance will be:
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