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You throw a four sided symmetric die, if X denotes the # you get on top...

You throw a four sided symmetric die, if X denotes the # you get on top you receive 2X dollars. However to play this game you have to give four dollars to begin with. Let Y denote your win in one throw. What is the correlation coefficient of X and Y?


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Answer #1

Y = 2X - 4, perfect linear relationship with positive slope

Correlation coefficient of X and Y is 1

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