A. Compute the covariance between first weekend gross and national gross, first weekend gross and worldwide gross, and national gross and worldwide gross. Compute the covariance between first weekend gross and national gross. B. Compute the coefficient of correlation between first weekend gross and national gross, first weekend gross and worldwide gross, and national gross and worldwide gross. Compute the coefficient of correlation between first weekend gross and national gross. C. Which is more valuable in expressing the relationship between first weekend gross, national gross, and wordwide gross, the covariance or the coefficient of correlation? Explain. 1.The correlation coefficient is more valuable for expressing the relationship between first weekend gross, national gross, and worldwide gross because it can prove that there is a causation effect between first weekend gross, national gross, and worldwide gross. 2. The correlation coefficient is more valuable for expressing the relationship between first weekend gross, national gross, and worldwide gross because it does not depend on the units used to measure first weekend gross, national gross, and worldwide gross. 3.The covariance is more valuable for expressing the relationship between first weekend gross, national gross, and worldwide gross because it measures the relative strength between first weekend gross, national gross, and worldwide gross.
A. Compute the
Compute the covariance between first weekend gross and national gross.
B. Compute the coefficient of
Compute the coefficient of correlation between first weekend gross and national gross.
C. Which is more valuable in expressing the relationship between first weekend gross, national gross, and wordwide gross, the covariance or the coefficient of correlation? Explain.
1.The correlation coefficient is more valuable for expressing the relationship between first weekend gross, national gross, and worldwide gross because it can prove that there is a causation effect between first weekend gross, national gross, and worldwide gross.
2. The correlation coefficient is more valuable for expressing the relationship between first weekend gross, national gross, and worldwide gross because it does not depend on the units used to measure first weekend gross, national gross, and worldwide gross.
3.The covariance is more valuable for expressing the relationship between first weekend gross, national gross, and worldwide gross because it measures the relative strength between first weekend gross, national gross, and worldwide gross.
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