Kizspy | Question: 15
(Choose 1 answer)
Suppose you have a dataset containing two variables, X and Y. The sample covariance between X and Y is calculated to be 50. Which of the following statements is true?
A. A positive covariance indicates that as X increases, Y tends to decrease.
B. A covariance of 50 means that X and Y are perfectly positively correlated.
C. A positive covariance indicates that X and Y tend to increase or decrease together.
D. Covariance is always between -1 and 1.
