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  3. explain why ρ is preferable to cov(x,y) in meas

Explain why ρ is preferable to Cov(X,Y) in measuring the strength of relationship between X and...

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Statistics

Explain why ρ is preferable to Cov(X,Y) in measuring thestrength of relationship between X and Y

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3.7 Ratings (349 Votes)
or the correlation coefficient is preferable because it allows comparing the magnitude and the direction of the strength of the relationship between X and Y very easily can take    See Answer
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