If X and Y Are Any Random Variables with COV(X,Y)=

question 32

Multiple Choice

If X and Y are any random variables with COV(X,Y) = 0.25, ,then the coefficient of correlation ρ is

• A)1.417
• B)1.190
• C)0.595
• D)0.354

---

Definitions:

Horizontal Merger

The combination of two or more firms operating in the same industry or producing similar goods or services.

Conglomerate Merger

A transaction that combines companies operating in completely unrelated business activities into a single corporation.

Vertical Merger

The merging of two or more businesses at various phases of production or distribution within the same sector.

Herfindahl Index

A measure of market concentration that sums the squares of the market shares of all firms in the market, used to assess competition levels.