Which of the Following Ordinal Measures Is a Measure of Association

question 10

Multiple Choice

Which of the following ordinal measures is a measure of association that compensates for tied ranks and adjusts for direction of the independent variable?

• A) Kendall's tau b
• B) Gamma
• C) Phi
• D) Lambda
• E) Somers's d

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Definitions:

World Exports

The total value of goods and services sold by one country to other countries around the world.

Largest Share

This refers to the highest percentage of ownership or control in a company or market held by a single entity.

Germany

A country in Central Europe, known for its rich history, cultural heritage, and as a key economic and political power in the European Union.

Comparative Advantage

is the ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors.