The Correlation Coefficient Is Generally Preferred to the Covariance Because

question 9

Multiple Choice

The correlation coefficient is generally preferred to the covariance because

• A)the correlation coefficient is a unit free measure of linear association.
• B)the covariance is bounded to fall between -1 and 1.
• C)the correlation coefficient must be positive.
• D)the covariance measures the quadratic relationship between two random variables.

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Definitions:

Excess Zone

refers to a state or situation where there is more of something than is necessary, desirable, or manageable.

Communication Style

Refers to the ways in which individuals express themselves and interact with others, being influenced by cultural, societal, and personal preferences.

Weaknesses

Refers to the areas or aspects where an individual or entity may lack strength or proficiency.

Grapevine

An informal and unofficial communication channel within an organization, through which information, rumors, and gossip are typically spread.