Question

For each of the following scenarios A and B: Scenario A Scenario B COV(X,Y) 155 -480...

For each of the following scenarios A and B:

Scenario A

Scenario B

COV(X,Y)

155

-480

Standard deviation of X

50

242

Standard deviation of Y

50

2
  1. What does the covariance say about the relationship between X and Y?
  2. Describe the strength of the relationship between X and Y.

Note : Answers should be in Word version for easy copy and paste

Math   Statistics-And-Probability   
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