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Choice of correlation coefficient is between

A. 0 to 1

B. 0 to 2

C. Minus 1 to +1

D. Minus 1 to 3

Answer: Option C

Solution (By Examveda Team)

Choice of correlation coefficient is between Minus 1 to +1. The value of the correlation coefficient lies between minus one and plus one, –1 ≤ r ≤ 1. If, in any exercise, the value of r is outside this range it indicates error in calculation.

This Question Belongs to Management >> International Finance And Treasury

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