The correlation coefficient between two variables Xand Yis found to be...
Correlation Coefficient:
The correlation coefficient measures the strength and direction of the linear relationship between two variables. It ranges from -1 to +1, where -1 indicates a perfect negative relationship, +1 indicates a perfect positive relationship, and 0 indicates no relationship.
Given Information:
The correlation coefficient between variables X and Y is 0.6.
Transformation:
The observations on X and Y are transformed using the transformations U=2-3X and V=4Y-1.
Calculating the Correlation Coefficient:
To find the correlation coefficient between the transformed variables U and V, we need to calculate the covariance and standard deviations of U and V.
Covariance Calculation:
The covariance between U and V can be calculated using the formula:
Cov(U,V) = E[(U - E[U])(V - E[V])]
Since E[U] = E[V] = 0 (due to the transformation), the formula simplifies to:
Cov(U,V) = E[UV]
Calculating E[UV]:
E[UV] = E[(2-3X)(4Y-1)]
= E[8Y - 2 - 12XY + 3X]
The expected value of a constant is the constant itself, so we can simplify further:
E[UV] = 8E[Y] - 2 - 12E[XY] + 3E[X]
Calculating E[X], E[Y], E[XY]:
To calculate E[X], E[Y], and E[XY], we need the original data. However, the question does not provide the values of X and Y.
Conclusion:
Since we do not have the original data, we cannot calculate the expected values E[X], E[Y], and E[XY]. Therefore, we cannot determine the covariance Cov(U,V) and the correlation coefficient between the transformed variables U and V.
Hence, the correct answer cannot be determined from the given information.