10 mins: Properties and Merits
20 mins: Problem solving based on Relation between correlation and regression
10 mins: Discussion and Summary
The correlation coefficient between two variables is r = 0.8.
If the standard deviations are σx = 5, σy = 4, find:
i. Regression coefficient of Y on X
ii. Regression coefficient of X on Y.
If regression coefficients are b_yx = 0.9, b_xy = 0.4, find the correlation coefficient.