The covariance between two random variables is the correlation between the two variables divided by the product of their standard deviations.

Question

Quizplus · Accepted Answer

Covariance measures the joint variability of two random variables, while correlation is a normalized measure of covariance, obtained by dividing the covariance of the two variables by the product of their standard deviations.

The Covariance Between Two Random Variables Is the Correlation Between