Covariance vs Correlation

[{"selector":"#anim-7f45f73a-4b3d-478a-a2e1-c148b9586715 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(32.01704534542558%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":1000,"fill":"both"}] Covariance vs Correlation

[{"selector":"#anim-a82d2870-e6cb-4677-87af-d92f17b4ef7f","keyframes":{"opacity":[0,1]},"delay":1000,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] In statistics, it is frequent that we come across these two term known as covariance and correlation. But are they the same? Not really.

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[{"selector":"#anim-4bfc174d-2069-40d1-87c1-ac4cb39b2592","keyframes":{"transform":["translate3d(-117.37705%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-99ec07e6-9461-4807-8c45-4603e08b21bf","keyframes":{"opacity":[0,1]},"delay":1000,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Standard deviation is a measure of the amount of variation or dispersion of a set of values. Standard Deviation

[{"selector":"#anim-5304363a-b9b8-48d9-8b3f-1e4f123417bb","keyframes":[{"transform":"rotate(-540deg) scale(0.1)","opacity":0},{"transform":"none","opacity":1}],"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both","iterations":1}] [{"selector":"#anim-f66f4caf-e9d0-4331-8b48-b92471a2a692","keyframes":{"opacity":[0,1]},"delay":1000,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The value of covariance between 2 variables is achieved by taking the summation of the product of the differences from the means of the variables as follows: Covariance

[{"selector":"#anim-e9de9b4f-8951-4b91-9115-cf3edeebde51","keyframes":{"transform":["translate3d(0px, -447.2812%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b71694ed-b3e8-4940-b70a-48c8c9329ae8","keyframes":{"opacity":[0,1]},"delay":1000,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The main result of a correlation is called the correlation coefficient. Correlation