The Measure of Correlation Between Independent Projects

A

The measure of correlation between two projects is a statistical measure that determines the degree to which they are related or move together. A correlation coefficient between -1 and 1 is usually used to describe the strength and direction of the relationship. A value of -1 indicates a perfect negative correlation, 0 indicates no correlation, and 1 indicates a perfect positive correlation.

In the case where two projects are completely independent, the measure of correlation between them is zero or close to zero. This is because the projects have no relationship with each other and do not affect each other in any way. Therefore, the correct answer is A. 0.

To illustrate this concept, consider two companies, A and B, that operate in completely different industries. Company A manufactures automobiles, while company B manufactures electronic gadgets. The performance of one company does not affect the performance of the other company. Therefore, there is no correlation between the projects of these two companies.

In conclusion, the measure of correlation between two projects is zero when they are completely independent and have no relationship with each other.