To Assess the Strength of the Relationship,Cramer's Statistic Is Used

question 143

Multiple Choice

To assess the strength of the relationship,Cramer's statistic is used when _____,and the fourfold point correlation coefficient is used when _____.

• A)sample sizes are small;sample sizes are large
• B)both variables have two levels;one or both variables have more than two levels
• C)one or both variables have more than two levels;both variables have two levels
• D)sample sizes are large;sample sizes are small

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Definitions:

Producing Wool

The process of growing, harvesting, and processing wool fibers from sheep or other animals for use in textile production.

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen.

Comparative Advantage

The ability of an entity to produce goods or services at a lower opportunity cost than others, leading to more efficient trade.

Absolute Advantage

The ability of a party, company, or country to produce a good or service more efficiently than its competitors using the same amount of resources.