Generally Speaking, If Two Quantitative Variables Are Unrelated, the Covariance

question 29

True/False

Generally speaking, if two quantitative variables are unrelated, the covariance will be a positive or negative number close to zero.

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Definitions:

Covariation

The degree to which two variables vary together, which is used to suggest a potential causal relationship between them.

External Forces

Outside influences for change.

Competitors' Actions

involves analyzing and responding to the strategies, movements, and decisions made by rival businesses in the marketplace.

Customers' Preferences

The tastes, likes, or desires of consumers that influence their purchasing decisions.