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.
Correct Answer:
Verified
Correct Answer:
Verified
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