COVARIANCE.P Function in Excel | Corporate Finance Institute [Video]

The Covariance Excel function is categorized under Statistical functions. It calculates the joint variability of two random variables, given two sets of data.

Suppose, as a financial analyst, that we wish to determine whether greater income accompanies greater levels of education in a population or not. In such a scenario, we can use the COVARIANCE.P function. It was introduced in MS Excel 2010 to replace COVAR, with improved accuracy over its predecessor.

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