What Is an Advantage of the Correlation Coefficient Over the Covariance

question 109

Multiple Choice

What is an advantage of the correlation coefficient over the covariance?

• A) It falls between 0 and 1.
• B) It falls between -1 and 1.
• C) It is a unit-free measure, therefore making it easier to interpret.
• D) Both answers-that it falls between -1 and 1 and that it is a unit-free measure-are correct.

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