Which of the Following Statements Is True About the Correlation

question 297

Multiple Choice

Which of the following statements is true about the correlation coefficient and covariance?

• A)The covariance is the preferred measure of the relationship between two variables since it is generally larger than the correlation coefficient.
• B)The correlation coefficient is a preferred measure of the relationship between two variables since its calculation is easier than the covariance.
• C)The covariance is a standardized measure of the linear relationship between two variables.
• D)The covariance and corresponding correlation coefficient are represented by different signs,one is negative while the other is positive and vice versa.

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