Asked by Paige Corcoran on Sep 24, 2024
Verified
Generally speaking,if two variables are unrelated,the covariance will be a number close to zero.
Covariance
A measure indicating the extent to which two variables change together, but does not assess the dependency between them.
- Familiarize oneself with the notions of covariance and the coefficient of correlation, including their variances and applications.
Verified Answer
JT
Jimmy Tshuma1 day ago
Final Answer :
True
Explanation :
When there is no relationship between two variables, their covariance will be close to zero. This is because the covariance measures the degree to which two variables vary together, so if they are unrelated, there will be little to no variation to measure.
Learning Objectives
- Familiarize oneself with the notions of covariance and the coefficient of correlation, including their variances and applications.
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