The correlation coefficient could be considered as a "standardized covariance."

Name: The correlation coefficient could be considered as a "standardized covariance."
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The correlation coefficient measures the strength and direction of the linear relationship between two variables, and it is calculated by dividing the covariance between the two variables by the product of their standard deviations. Therefore, it can be interpreted as a standardized version of the covariance.

The Correlation Coefficient Could Be Considered as a "Standardized Covariance