________ Is a Measure of the Percentage Improvement in Predicting

question 124

Multiple Choice

________ is a measure of the percentage improvement in predicting the value of the dependent variable,given the value of the independent variable in contingency table analysis.

• A)Tau b
• B)Symmetric lambda
• C)Asymmetric lambda
• D)Tau c

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Definitions:

Weak Axiom

A less stringent version of a mathematical axiom used in economics and decision theory that deals with the consistency of consumer choices under varying circumstances.

Revealed Preference

A concept in consumer theory stating that the preferences of consumers can be revealed by their purchasing habits.

Prices

The price in money anticipated, needed, or given in exchange for a commodity.

Strong Axiom

An advanced principle or rule, often within a specific field of study, that has widespread acceptance and provides a solid foundation for further developments.