The covariance is not a good measure of the strength of a relationship between two random variables
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The covariance is not a good measure of the strength of a relationship between two random variables because it depends so much on the units of measureĀ¬
ment of the two variables. However, if X and Y are standardized random variables, this problem should be eliminated. Is it? [Hint: Compare cov (X, Y) and p.]
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Related Book For
Statistics Probability Inference And Decision
ISBN: 9780030778056
1st Edition
Authors: Robert L. Winkler, William L. Hays
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