The Covariance of Two Stocks Was Calculated at -

question 86

Multiple Choice

The covariance of two stocks was calculated at -.01733.If the standard deviation of the first stock is .106 and .164 for the second, determine the correlation.

• A)-.997
• B)-.887
• C)-.687
• D)-.587

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Definitions:

Labor

The human effort, including both physical and mental exertion, used in the production of goods and services.

Machines

Mechanical or electronic devices that perform tasks or assist in carrying out tasks, ranging from simple tools to complex systems.

Average Cost

It refers to the total cost per unit produced, calculated by dividing the total cost of production by the number of units produced.

Copper

A reddish-brown, malleable, ductile metallic element used as a conductor of heat and electricity, and in various alloys.