The Value of Cramer's V Is

question 34

Multiple Choice

The value of Cramer's V is .65. This indicates what type of relationship?

• A) strong and positive
• B) strong
• C) very strong and positive
• D) very strong

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Definitions:

Market Share

The portion of a market controlled by a particular company, measured by the volume or value of its sales compared to the total market.

Four-firm Concentration Ratio

The Four-firm Concentration Ratio measures the market share of the four largest firms within an industry, indicating the level of competition or market concentration.

Herfindahl Index

A measure of market concentration that squares the market share of each firm within an industry to estimate the industry's competitive landscape.

Big Three

A term typically used to refer to the three dominant firms in a specific industry or sector, often used to describe the top auto manufacturers in the United States.