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If coefficient of correlation between tw...

If coefficient of correlation between two variables X and Y is `0.64, cov(X, Y)= 16" and "Var(X)= 9`, then the standard deviation of Y series is

A

`1.2`

B

`8.33`

C

`24`

D

`25`

Text Solution

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The correct Answer is:
To find the standard deviation of the Y series given the coefficient of correlation, covariance, and variance of X, we can follow these steps: ### Step 1: Identify the given values - Coefficient of correlation (r) = 0.64 - Covariance (cov(X, Y)) = 16 - Variance of X (Var(X)) = 9 ### Step 2: Calculate the standard deviation of X The standard deviation (SD) of X can be calculated using the formula: \[ \text{SD}(X) = \sqrt{\text{Var}(X)} \] Substituting the given variance: \[ \text{SD}(X) = \sqrt{9} = 3 \] ### Step 3: Use the formula for the coefficient of correlation The formula for the coefficient of correlation is: \[ r = \frac{\text{cov}(X, Y)}{\text{SD}(X) \times \text{SD}(Y)} \] We can rearrange this formula to solve for the standard deviation of Y (SD(Y)): \[ \text{SD}(Y) = \frac{\text{cov}(X, Y)}{r \times \text{SD}(X)} \] ### Step 4: Substitute the known values into the formula Now, substituting the values we have: \[ \text{SD}(Y) = \frac{16}{0.64 \times 3} \] ### Step 5: Calculate SD(Y) First, calculate the denominator: \[ 0.64 \times 3 = 1.92 \] Now substitute this back into the equation: \[ \text{SD}(Y) = \frac{16}{1.92} \] Calculating this gives: \[ \text{SD}(Y) \approx 8.33 \] ### Final Result Thus, the standard deviation of the Y series is approximately \( \frac{25}{3} \) or \( 8.33 \). ---
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