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kondaur [170]
3 years ago
7

​What is an advantage of the correlation coefficient over the covariance?

Mathematics
1 answer:
Fofino [41]3 years ago
7 0
The advantage of the correlation measure over the covariance measure is that correlation is unit-free but covariance is not. Covariance is sensitive to the values of x and y. The correlation coefficient has <span>been normalized and is unit-free.</span>
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x = amount of 21% alloy

y = amount of 50% alloy

The metallurgist wants a combination weighing a total of 44 lb, so

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Each pound of either alloy contributes either 0.21 or 0.5 pound of titanium. The final product needs to be comprised of 37% titanium; weighing at 44 lb, this means it should contain 0.37 * 44 = 16.28 lb. So

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