Theres a special situation in which you can measure dependence using either the correlation or Cramers V
Question:
(a) Compute the value of Cramer€™s V for this table. You may need to look back at Chapter 5.
(b) Find the correlation between the numerical variables Sex (coded as 1 for male, 0 for female) and Cash (coded 1 for those paying with cash, 0 otherwise). Use the counts in the table to manufacture these two columns.
(c) What€™s the relationship between Cramer€™s V and the correlation?
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Related Book For
Statistics For Business Decision Making And Analysis
ISBN: 9780321890269
2nd Edition
Authors: Robert Stine, Dean Foster
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