The advantage that the coefficient of correlation has over the covariance is that the former has a set lower and upper limit.

Name: The advantage that the coefficient of correlation has over the covariance is that the former has a set lower and upper limit.
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The coefficient of correlation has a set lower limit of -1 and an upper limit of 1. In contrast, the covariance does not have a set limit and can take on any value in the range of negative infinity to infinity.

The Advantage That the Coefficient of Correlation Has Over the Covariance