For a 3 X 3 Table, the Appropriate Chi Square

question 31

Multiple Choice

For a 3 x 3 table, the appropriate chi square based measure of association would be________.

• A) Cramer's V
• B) phi.
• C) lambda.
• D) gamma.

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Definitions:

Equilibrium

An equilibrium in the market where demand equals supply, causing price stability.

Kinked-demand Model

A model used to explain price stability in oligopolistic markets, suggesting that firms may not change their pricing in response to small changes in costs or demand due to a perceived kink in the demand curve.

Price Increases

A rise in the cost of goods and services over a period of time, often measured as a percentage.

Price Cuts

Reductions in the selling price of goods or services, often used as a strategy to increase demand or compete more effectively in the market.