Which of the following statements best illustrates the concept of covariance?
A) "The population means are not all equal to each other."
B) "There is no relationship between one's income and one's intelligence."
C) "The distribution is normal."
D) "People with below-average incomes spend more on the lottery than the average person."

Question

Quizplus · Accepted Answer

Covariance refers to the measure of how two variables are related to each other. In this case, the statement "People with below-average incomes spend more on the lottery than the average person" suggests that there is a relationship between income and lottery spending, indicating a covariance between the two variables. The other statements do not directly address covariance.

Which of the Following Statements Best Illustrates the Concept of Covariance