Yearly returns (rounded to the nearest percent)for GLD a gold exchange traded fund and SLV a silver exchange traded fund are reported in the following table. 
a.Calculate the covariance between GLD and SLV.
B)Calculate and interpret the correlation coefficient.
Definitions:
Value Statement
A declaration that outlines an organization's core beliefs and principles, guiding its behavior and decision-making.
Confidence
The belief in one's abilities or qualities, often leading to a sense of self-assurance in their actions or decisions.
Differentiation Strategy
A business approach focusing on developing unique products or services to stand out from competitors and attract a specific market segment.
BMW
A German multinational corporation known for producing luxury vehicles and motorcycles, recognized for its innovation, design, and performance.
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