Given below are two statements: Statement I: Covariance between two variables X and Y determines whether the correlation between them is negative or positive. Statement II: The product of the standard deviations of two variables X and Y can be both positive or negative. In light of the above statements, choose the most appropriate answer from the options given below:

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Mathematics · Statistics

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Statement I is correct but Statement II is incorrect

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Answer 1

Statement I is incorrect but Statement II is correct

Answer 2

Statement I is correct but Statement II is incorrect

Answer 3

Both Statement I and Statement II are incorrect

Answer 4

Both Statement I and Statement II are correct

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