Gamma Is an Appropriate Measure of Association for

question 21

Multiple Choice

Gamma is an appropriate measure of association for

• A)examining the relationships between more than two ordinal-level variables.
• B)nominal-level variables with more than 3 scores.
• C)ordinal level variables arranged in a bivariate table.
• D)ordinal level variables with many scores.

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Definitions:

Income

The revenue brought in, consistently over time, from professional endeavors or investments.

Budget Constraint

The limits imposed on household choices by income, prices, and taxes, defining the combination of goods and services they can afford.

Income

Proceeds obtained, often periodically, from labor or investment returns.

Utility

A measure of satisfaction or happiness that consumers derive from the consumption of goods and services.