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C
Question Practice

Why is the correlation coefficient preferred over covariance?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Economics
Statistics for Economics
Correlation
Question Bank

Why is the correlation coeffic...

Single Answer MCQ
Q-00063024

Why is the correlation coefficient preferred over covariance?

1

It provides directionality

2

It is standardized

3

It is simpler to calculate

4

It measures causation

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What type of correlation occurs when both variables move in the same direction?

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Q2.

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Q3.

Which relationship represents a perfect positive correlation?

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Q4.

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