The answer is false. The covariance statistic gauges how closely two variables are related to one another.
a connection between two quantitative variables in which the corresponding values of the second variable tend to rise when the value of the first variable tends to rise (or fall) (or decrease).
The direction of the link between two variables is measured by covariance. A positive covariance indicates that both variables frequently exhibit high or low values together. While two variables have a negative covariance, they are often low when one is high.
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