Simple explanation: Covariance vs Correlation?

A really simple and easy explanation of the difference between correlation and covariance, and why one is used more often than the other.

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**** Check out some of my other mini-lectures:

Simple Introduction to Hypothesis Testing:
The Most Simple Introduction to Hypot...

A Simple Rule to Correctly Setting Up the Null and Alternate Hypotheses:
An Easy Rule to Setting Up the Null &...

The Easiest Introduction to Regression Analysis:
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Super Easy Tutorial on Calculating the Probability of a Type 2 Error:
Super Easy Tutorial on the Probabilit...


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Keywords: statistics, statistics help, statistics tutor, statistics tuition, hypothesis testing, regression analysis, university help, stats help, simple regression, multiple regression, econometrics, correlation, covariance, covariation, sampling, measures

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