Calculate the correlation coefficient of the new variables

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Reference no: EM131655354

Question: Consider the following set of data:

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a. Calculate the correlation coefficient of these two variables.

b. Multiply each value of the variable x by 5 and add 10 to the resulting products. Now multiply each value of the variable y by 3 and subtract 7 from the resulting products. Finally, calculate the correlation coefficient of the new x and y variables.

c. Describe the principle that the example developed in parts a and b demonstrates.

Reference no: EM131655354

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