The Limitation of Covariance as a Descriptive Measure of Association

question 6

Multiple Choice

The limitation of covariance as a descriptive measure of association is that it

• A)only captures positive relationships.
• B)does not capture the units of the variables.
• C)is very sensitive to the units of the variables.
• D)is invalid if one of the variables is categorical.

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Definitions:

Customer Benefit Plan

A strategy or offering designed to provide additional value to customers, encouraging loyalty and repeat business.

Customer Profile

A detailed description of a business's ideal customer based on demographic, psychographic, and behavioral characteristics.

Purchasing Policies

The guidelines and procedures set by a company to govern its acquisition of goods and services.

Customer Profile

A detailed description of a business's typical or ideal customer, including demographic, psychographic, and behavior characteristics.