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amoeba
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Why is the rank of covariance matrix at most $n-1$?

As stated in this question, the maximum rank of covariance matrix is $n-1$ where $n$ is sample size and so if the dimension of covariance matrix is equal to the sample size, it would be singular. I can't understand why we subtract $1$ from the maximum rank $n$ of covariance matrix.

user3070752
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