If in the definition of the biweight midcovariance, the median is replaced by the biweight measure of location, the biweight midcovariance is equal to zero under independence. Describe some negative...

If in the definition of the biweight midcovariance, the median is replaced by the biweight measure of location, the biweight midcovariance is equal to zero under independence. Describe some negative consequences of replacing the median with the biweight measure of location.

Repeat Exercise 1 with Spearman’s rho, the percentage bend correlation, and the Winsorized correlation.