What is the best way to convert variance in one measurement unit to variance in another measurement unit? For example:
The variance of the heights of the mango trees in your garden is 13 square feet. What will be the variance in yards?
What is the best way to convert variance in one measurement unit to variance in another measurement unit? For example:
The variance of the heights of the mango trees in your garden is 13 square feet. What will be the variance in yards?
As a general property of variance, $\text{Var}(cX) = c^2\text{Var}(X)$ where $X$ is a random variable and $c$ is a constant. Converting $X$ from being in feet to yards would be using $c=\frac{1}{3}$, so your variance should be $\frac{13}{9}$ yards squared.