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:
Differentiation Strategy
A business approach where a company seeks to distinguish its products or services from competitors through quality, design, or unique features.
Premium Confectionery
High-quality sweets and chocolates that are often luxury or gourmet, characterized by superior ingredients, craftsmanship, and packaging.
Unique Flavours
Distinctive tastes or essences that set a food item or product apart from others in the marketplace.
Focus Strategy
A competitive approach in which a company concentrates on serving a specific segment of the market.
Q14: In a multicriteria decision problem<br>A)it is impossible
Q18: The intersection of events A and B,denoted
Q19: An objective function reflects the relevant cost
Q27: Because surplus variables represent the amount by
Q27: A decision maker would be wise to
Q30: Classical sensitivity analysis provides no information about
Q34: A negative dual price indicates that increasing
Q46: Exhibit 4-6.In January of 2012,the second stop
Q56: Exhibit 2-5.The following data represent scores on
Q116: Exhibit 5-14.The foreclosure crisis has been particularly