Suppose you convert y = income from British pounds to dollars, and suppose a pound equals 2.00
Question:
a. Explain why the y values double, the mean of y doubles, the deviations (y - ) 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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a If we convert income from British pounds to dollars then each pound is now worth 2 In other words ...View the full answer
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Isha Sharma
I completed my graduation in 2018 in the field of commerce. I have taken personal tuitions for economics and mathematics for 12th grade students. I have some experience in tutoring financial accounting for the final year degree students.
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Related Book For
Statistics The Art And Science Of Learning From Data
ISBN: 9780321755940
3rd Edition
Authors: Alan Agresti, Christine A. Franklin
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