Sum
If the correlation coefficient between x and y is 0.8, what is the correlation coefficient between x and 3y
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Solution
Correlation coefficient remains unaffected by the change of origin and scale.
i.e., if `"u"_"i" = ("x"_"i" - "a")/"h"` and `"v"_"i" = ("y"_"i" - "b")/"k"`, then Corr (u, v) = ± Corr (x, y), according to the same or opposite signs of h and k.
Corr (x, 3y) = Corr (x, y) = 0.8
Concept: Concept of Correlation Coefficient
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