Covariance Is a Formula That Can Calculate the Relationship Between

question 39

True/False

Covariance is a formula that can calculate the relationship between two variables,like gender and dollars spent as well as the direction of the relationship.

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Definitions:

Net Seller

An entity or individual who sells more of a commodity, security, or other assets than they buy.

Budget Line

A graphical depiction of all possible combinations of two goods that can be purchased with a given income and prices, showing the trade-off between them.

Price Fall

A decrease in the price level of goods or services in the market.

Net Seller

An entity or individual who sells more than they purchase in a given market.