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Statistics – Solved

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Statistics Assignment 4

1. What is the definition of covariance? Create the formula for it.

2. What makes Correlations better than Covariance?

3. Explain the process as well as Pearson and Spearman Correlation.

4. What are the advantages of Spearman Correlation over Pearson Correlation?

5. Describe the Central Limit Theorem.

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