The coefficient of correlation between two variables X and Y is -0.4 and their covariance is equal to -16 .If the variance of Y series is 36,find the variance of X series
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Answer:
given that,
r
xy
=0.48Var(x)=16cov(x,y)=36
r
xy
=
Var(x)⋅Var(y)
cov(x,y)
⇒0.48=
16×Var(y)
36
⇒2.304=
16×Var(y)
36×36
⇒Var(y)=
2.304×16
36×36
∴Var(y)=35.15
∴σ
y
=
Var(y)
=
35.15
=5.92
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