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Question: If for a binomial bivariate data \(\overline{x}\) = 10, \(\overline{y}\)= 12, \(Var\left( X \right)=...

If for a binomial bivariate data x\overline{x} = 10, y\overline{y}= 12, Var(X)=9Var\left( X \right)=9, σY=4{{\sigma }_{Y}}=4 and r = 0.6. Estimate y when x = 5.

Explanation

Solution

The above question is about regression and correlation of bivariate data. To calculate the value of y at x =5 first we have to calculate the regression equation of y on x. We know that the regression equation is equal to y=byxx+ay={{b}_{yx}}x+a , and here byx{{b}_{yx}} is the regression coefficient of y on x and byx{{b}_{yx}} is equal to rσyσxr\dfrac{{{\sigma }_{y}}}{{{\sigma }_{x}}}, and a=ybyxxa=\overline{y}-{{b}_{yx}}\overline{x} . After calculating the equation of regression of y on x we will put x = 5 in place of y to get x. And, also note that standard deviation (i.e.σ\sigma ) is equal to square root variance, r is the correlation coefficient, x\overline{x} is the mean of x and or is the mean of y.

Complete step by step answer:
We can see from the above question is of regression and correlation of the bivariate data.
Since, from the question we can see that we have to find the value of y at x = 5 and for that we have to find the regression equation of y on x and the equation is given by (yy)=byx(xx)\left( y-\overline{y} \right)={{b}_{yx}}\left( x-\overline{x} \right) where y\overline{y} is the mean of all value of y and x\overline{x} is the mean of all value of x and byx{{b}_{yx}}is the coefficient of regression coefficient of y on x.
So, before finding the equation we have to find the value coefficient of the regression coefficient of y on x. And, coefficient of regression is given by byx=rσyσx{{b}_{yx}}=r\dfrac{{{\sigma }_{y}}}{{{\sigma }_{x}}}. Here, σ\sigma is the standard deviation and r is the correlation coefficient.
Since, we know that standard deviation is equal to square root of variance (i.e. σ=Variance\sigma =\sqrt{Variance} ).
Since, we know that the value of variance of x (i.e. Var(X)Var\left( X \right) ) so standard deviation σx=Var(X){{\sigma }_{x}}=\sqrt{Var\left( X \right)} and Var(X)Var\left( X \right) = 9.
So, σx=9{{\sigma }_{x}}=\sqrt{9} = 3 and it is given in question that σY=4{{\sigma }_{Y}}=4, and r = 0.6, hence byx=0.6×43{{b}_{yx}}=0.6\times \dfrac{4}{3}
byx=0.8\therefore {{b}_{yx}}=0.8
Now, also from the question we know that x\overline{x} = 10, y\overline{y}= 12, and equation of regression of y on x is given by (yy)=byx(xx)\left( y-\overline{y} \right)={{b}_{yx}}\left( x-\overline{x} \right).
So, we will get the equation after putting the value of x\overline{x}, y\overline{y}, and byx{{b}_{yx}} in the above equation.
Hence, the equation is (y12)=0.8(x10)\left( y-12 \right)=0.8\left( x-10 \right) .
Hence, y = 0.8x + 4.
Now, we will put x = 5 in the above equation to estimate the value of y.
So, when x = 5, y=0.8×5+4y=0.8\times 5+4
Hence, y = 8.
This is our required solution.

Note: Students are required to note that byx{{b}_{yx}} and bxy{{b}_{xy}} are slightly different. byx{{b}_{yx}} is the coefficient of regression of y on x and bxy{{b}_{xy}} is the coefficient of regression of x on y. So, when we have to calculate the value of x when y is given we use bxy{{b}_{xy}} and when we calculate the value of y when x is given byx{{b}_{yx}}is used.