Asked by Aerial Ayler on Sep 27, 2024
A statistical measure of the strength of the relationship between two random variables X and Y is referred to as the:
A) expected value
B) variance
C) covariance
D) standard deviation
Covariance
A measure that indicates the extent to which two variables change together; if they increase or decrease similarly.
- Learn and execute the principles of covariance and correlation with regard to bivariate distributions.
Learning Objectives
- Learn and execute the principles of covariance and correlation with regard to bivariate distributions.