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What is an advantage of the correlation coefficient over the covariance? A) It falls between -1 and 1. B)It falls between 0 and 1. C)
What is an advantage of the correlation coefficient over the covariance?
A) It falls between -1 and 1.
B)It falls between 0 and 1.
C) It is a unit-free measure, therefore making it easier to interpret.
D) It falls between -1 and 1; and it is a unit free measure, therefore making it easier to interpret.
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