A certain bivariate data byx and bxy have been calculated which is equal to 2.4 and 0.4, respectively. If the value of the x series are all multiplied by 5 and all values of y series are divided by 2, how would it affect the value of the two coefficients?
1
Both the coefficients remains unchanged
2
Both the coefficients get multiplied so byx = 6.0 and bxy = 4.0
3
The coefficients are revised by byx = 0.24 and bxy = 4.0
4
The coefficients are revised by byx = 24 and bxy = 0.04