Asked by Jennifer Baker on Mar 10, 2024
Verified
When the standard deviation is expressed as a percentage of the mean,the result is the coefficient of correlation.
Standard Deviation
A statistic that measures the dispersion of a dataset relative to its mean, indicating how spread out the data points are.
Coefficient of Correlation
A statistical measure that calculates the strength and direction of a linear relationship between two variables.
- Apprehend the fundamentals of covariance and the coefficient of correlation, along with their unique characteristics and areas of application.
Verified Answer
LM
Laila Mohamed
Mar 10, 2024
Final Answer :
False
Explanation :
This statement is false. The standard deviation expressed as a percentage of the mean is known as the coefficient of variation, not the coefficient of correlation, which measures the strength and direction of the linear relationship between two variables.
Learning Objectives
- Apprehend the fundamentals of covariance and the coefficient of correlation, along with their unique characteristics and areas of application.
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