Cramer's V Is Rarely Useful for Contingency Tables That Are

question 55

True/False

Cramer's V is rarely useful for contingency tables that are larger than 2 X 2.

---

Definitions:

Contribution Format

is a profit reporting format that separates fixed and variable costs, highlighting the contribution margin which helps in decision-making.

Break-even Point

The production level or sales volume at which total revenues equal total expenses, resulting in no profit or loss.

Marketing Manager

A professional responsible for planning, executing, and overseeing marketing strategies to promote products or services.

Advertising Budget

The amount of money a business plans to spend on marketing and promotion activities.