Asked by Batuhan Serin on Sep 26, 2024
If X and Y are two variables with E(XY)= 10.56,E(X)= 4.22,and E(Y)= 5.34,then COV(X,Y)= 1.0.
COV
COV refers to the coefficient of variation, a statistical measure of the relative dispersion or variability of a data set relative to its mean, expressed as a percentage.
- Acquire the ability to comprehend and employ the concept of covariance and correlation when dealing with bivariate distributions.
Learning Objectives
- Acquire the ability to comprehend and employ the concept of covariance and correlation when dealing with bivariate distributions.
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