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Consider the following hypothetical data. Home Ownership Financial situation Own Rent Row Total Satisfied 69 300 369 More or less satisfied 232 288 520 Not

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Consider the following hypothetical data. Home Ownership Financial situation Own Rent Row Total Satisfied 69 300 369 More or less satisfied 232 288 520 Not satisfied 64 97 161 Column total 365 685 1050 a). Treating homeownerhsip as the independent variable and financial situation as the dependent variable, calculate the value of $1 and E2 in the equation for lambda and use them to compute lambda as well. b). Does the lambda indicate whether we have a weak, moderate or strong association in the table above? c). In a clearly articulated sentence describe how well the independent variable allows us to reduce errors made in predicting satisfaction with one's financial situation

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