Asked by Nicole Bellorini on Sep 26, 2024
The covariance can be negative but the coefficient of correlation cannot.
Covariance
A measure of the degree to which two variables change together, indicating the direction of their linear relationship.
Coefficient of Correlation
A statistical measure that calculates the strength and direction of a linear relationship between two variables on a scatter diagram.
- Understand and apply the concept of covariance and correlation.
Learning Objectives
- Understand and apply the concept of covariance and correlation.