Hi,
I just found this problem and was wondering how I might go about approaching the solution.
Question:
Given three random variables ## X##, ##Y##, and ## Z ## such that ##\text{corr}(X, Y) = \text{corr}(Y, Z) = \text{corr}(Z, X) = r ##, provide an upper and lower bound on ##r##
Attempt:
I...