The correlation coefficient between two variables x and y is 0.3. The covariance is 36 and the variance of x is 16. Find the standard deviation of y.
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Answer:
5.93
Step-by-step explanation:
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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