The Sample Covariance Must Take a Value Between -1 and +1

question 222

True/False

The sample covariance must take a value between -1 and +1 inclusive.

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Definitions:

Owners' Equity

The residual interest in the assets of an entity after deducting its liabilities, representing the net worth held by shareholders or owners.

Dividends

Corporation's profit distributions made as payments to its shareholders.

Financial Position

A snapshot of a company's assets, liabilities, and equity at a particular point in time, showing the economic resources it controls and owes.