Asked by Monikia Clement on Sep 24, 2024
Verified
Generally speaking,if two variables are unrelated (as one increases,the other shows no pattern) ,the covariance will be:
A) a large positive number.
B) a large negative number.
C) a positive or negative number close to zero.
D) None of these choices.
Covariance
A statistical measure that indicates the extent to which two variables change together; if the greater values of one variable mainly correspond with the greater values of the other variable, and the same holds for the lesser values, the covariance is positive.
- Gain insight into the concepts of covariance and correlation coefficient, recognizing their differences and implementation.
Verified Answer
AZ
Ayesha Zahid3 days ago
Final Answer :
C
Explanation :
If two variables are unrelated, the covariance will be close to zero, regardless of the signs of the individual data points. A large positive covariance implies that as one variable increases, the other tends to increase as well, while a large negative covariance implies the opposite pattern.
Learning Objectives
- Gain insight into the concepts of covariance and correlation coefficient, recognizing their differences and implementation.
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