Skewed
Amount of skew determines distributions shape. A normal distribution has a skew value of 0. An assymetrical a value below/above 0.
Covariance
Variability among scores in two different distributions
Interpreting association between variables
Direction and magnitude. Covar provides clear info about the direction of association, not the magnitude. Correlation on both
Correlation
Shows linear asssociation between two variables. Is a number betw. -1 & +1, and it gives clear indication of the magnitude and direction of the association.
Binary items
2 possible answers; eg yes/no, 0/1, false/true etc. Variance of a binary item ix max if half respond positive and half neg. (var = .5)