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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