Define covariance What does covariance shows-02147
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vu mgt611 Business & Labor Law.
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vu mgt611 Mid Term Solved Past Paper No. 1.
Question 1: Define covariance. What does covariance shows?
Answer:
Covariance is defined as the extent to which two random variables covary (move together) over time. Covariance shows A statistical measure of the variance of two randomvariables that are observed or measured in the same mean time period. This measure is equal to the product of the deviations of corresponding values of the two variables from their respective means.
