High correlation does not mean that the values are the
Chapter , Problem 2.58(choose chapter or problem)
High correlation does not mean that the values are the same. Investment reports often include correlations. Following a table of correlations among mutual funds, a report adds, Two funds can have perfect correlation, yet different levels of risk. For example, Fund A and Fund B may be perfectly correlated, yet Fund A moves 20% whenever Fund B moves 10%. Write a brief explanation, for someone who knows no statistics, ofhow this can happen. Include a sketch to illustrate yourexplanation.
Unfortunately, we don't have that question answered yet. But you can get it answered in just 5 hours by Logging in or Becoming a subscriber.
Becoming a subscriber
Or look for another answer