5. In this problem you will deduce some facts about the correlation coefficient. You should follow the outlined steps. I will also entertain proofs via the Cauchy-Schwarz inequality, but you will need to provide a full proof of the inequality in this context. If X is a random variable, its standardized version is Zx = X-#x, Let X and Y be random variables and p their correlation coefficient. (a) Show that p = Cov(Zx,Zy)= E(Z×Z¥). (b) Use part (a) to show that E((Zy – pZx)²) = 1 – p². (c) Use part (b) and Problem 4 to show that -1 < p<1.

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m-5 please help me with the below problem with step by step explanation clearly. 

please solve only a, b amnd c   only  with a very clean and brief explanation

5. In this problem you will deduce some facts about the correlation coefficient. You should follow the
outlined steps. I will also entertain proofs via the Cauchy–Schwarz inequality, but you will need to
provide a full proof of the inequality in this context.
X-px. Let X and Y be random
If X is a random variable, its standardized version is Zx
variables and p their correlation coefficient.
ox
(a) Show that p = Cov(Zx,Zy)= E(Z×Z¥).
(b) Use part (a) to show that E((Zy – pZx)²) = 1– p?.
(c) Use part (b) and Problem 4 to show that -1 <p<1.
(d) Use part (b) and Problem 4 to show that if p = 1 then Y = aX + b for some a > 0, and if
p = -1 then Y = aX +b for some a < 0.
%3D
Transcribed Image Text:5. In this problem you will deduce some facts about the correlation coefficient. You should follow the outlined steps. I will also entertain proofs via the Cauchy–Schwarz inequality, but you will need to provide a full proof of the inequality in this context. X-px. Let X and Y be random If X is a random variable, its standardized version is Zx variables and p their correlation coefficient. ox (a) Show that p = Cov(Zx,Zy)= E(Z×Z¥). (b) Use part (a) to show that E((Zy – pZx)²) = 1– p?. (c) Use part (b) and Problem 4 to show that -1 <p<1. (d) Use part (b) and Problem 4 to show that if p = 1 then Y = aX + b for some a > 0, and if p = -1 then Y = aX +b for some a < 0. %3D
4. This problem shows (more or less) that if X is a nonnegative random variable with E(X) = 0, then
X = 0 with probability 1.
(a) Show that if X is a random variable that only takes on nonnegative values, then E(X) > 0.
You will likely need to give separate proofs depending on whether X is discrete or continuous.
(b) Show that if X is a discrete random variable that only takes on nonnegative values and
E(X) = 0, then P(X = 0) = 1. In other words, X must be constant.
(c) (Extra credit) Show that if X is a continuous random variable that only takes on nonnegative
values, then E(X)#0 (problem 4 from HW6 is one way to approach this).
Transcribed Image Text:4. This problem shows (more or less) that if X is a nonnegative random variable with E(X) = 0, then X = 0 with probability 1. (a) Show that if X is a random variable that only takes on nonnegative values, then E(X) > 0. You will likely need to give separate proofs depending on whether X is discrete or continuous. (b) Show that if X is a discrete random variable that only takes on nonnegative values and E(X) = 0, then P(X = 0) = 1. In other words, X must be constant. (c) (Extra credit) Show that if X is a continuous random variable that only takes on nonnegative values, then E(X)#0 (problem 4 from HW6 is one way to approach this).
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