Step 1: Since the problem doesn't state the type of correlation, we'll assume a direct proportionality. Using a direct proportion, we have:
\frac{y_1}{x_1} = \frac{y_2}{x_2}
Step 2: Plug in the given values \( y_1 = 8 \), \( x_1 = 16 \), and \( x_2 = 24 \). Solve for \( y_2 \):
\frac{8}{16} = \frac{y_2}{24}
Step 3: Simplify the left-hand side:
\frac{1}{2} = \frac{y_2}{24}
Step 4: Solve for \( y_2 \) by cross-multiplying:
y_2 = \frac{1}{2} \times 24
Step 5: Calculate the value:
y_2 = 12
Therefore, when \( x = 24 \), \( y = 12 \).