Question: Correlation doesnt depend on units Suppose you convert y = income from British pounds to dollars, and suppose a pound equals 2.00 dollars. a. Explain

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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