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From the following data calculate (i) coefficient of correlation (ii) Standard deviation of Y. X = 0.854 Y; Y = 0.89X; σx = 3?
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From the following data calculate (i) coefficient of correlation (ii) ...
Solution:
Given data:

X = 0.854 Y (i.e., X and Y are positively correlated)
Y = 0.89X (i.e., X and Y are positively correlated)
σx = 3

Step 1: Calculation of Coefficient of Correlation (r)
r = √(0.854 * 0.89) = 0.870
Therefore, the coefficient of correlation is 0.870.

Step 2: Calculation of Standard Deviation of Y (σy)
σy = σx / r
σy = 3 / 0.870
σy = 3.448
Therefore, the standard deviation of Y is 3.448.

Explanation:

Coefficient of Correlation (r): It is a measure of the strength and direction of the relationship between two variables. It ranges from -1 to +1. A value of +1 indicates a perfect positive correlation, 0 indicates no correlation, and -1 indicates a perfect negative correlation. In this case, the coefficient of correlation is 0.870, which indicates a strong positive correlation between X and Y.

Standard Deviation of Y (σy): It is a measure of the dispersion or variability of Y values around the mean. In this case, we are given the value of σx, which is the standard deviation of X. We can use the formula σy = σx / r to calculate the standard deviation of Y. Since r is positive, the standard deviation of Y will also be positive. The value of σy is 3.448, which indicates that the Y values are spread out around the mean by an average of 3.448 units.

Conclusion:

In conclusion, the coefficient of correlation between X and Y is 0.870, which indicates a strong positive correlation. The standard deviation of Y is 3.448, which means that the Y values are spread out around the mean by an average of 3.448 units.
Community Answer
From the following data calculate (i) coefficient of correlation (ii) ...
From the following data calculate: a coefficient of correlation. b. Standard deviation of y X = 0.854 Y; Y = 0�89 � ; 6x = 3.
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From the following data calculate (i) coefficient of correlation (ii) Standard deviation of Y. X = 0.854 Y; Y = 0.89X; σx = 3?
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From the following data calculate (i) coefficient of correlation (ii) Standard deviation of Y. X = 0.854 Y; Y = 0.89X; σx = 3? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about From the following data calculate (i) coefficient of correlation (ii) Standard deviation of Y. X = 0.854 Y; Y = 0.89X; σx = 3? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for From the following data calculate (i) coefficient of correlation (ii) Standard deviation of Y. X = 0.854 Y; Y = 0.89X; σx = 3?.
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