Which of the following statements BEST illustrates the concept of covariance?
A) "The two sample mean are significantly different from each other."
B) "The decision was made to not reject the null hypothesis."
C) "People with above-average incomes own more TVs than the average consumer."
D) "There is no relationship between money and happiness."

Question

Quizplus · Accepted Answer

Covariance refers to the measure of how two variables change together. In this case, the statement "People with above-average incomes own more TVs than the average consumer" illustrates the concept of covariance, as it shows a relationship between two variables (income and TV ownership). The other statements do not relate to covariance.

Which of the Following Statements BEST Illustrates the Concept of Covariance