q4-  What can be used to analyse the relationship between two categorical or qualitative variables? Choose all that apply.     Select one or more: a. Scatterplots b. Cramer's Coefficient c. Correlation coefficient d.

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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q4- 

What can be used to analyse the relationship between two categorical or qualitative variables? Choose all that apply.

 


 

Select one or more:
a.

Scatterplots

b.

Cramer's Coefficient

c.

Correlation coefficient

d.

Contingency tables

Expert Solution
Step 1

A scatter plot is a graphical representation that uses dots to represent values for two different numerical variables.

Cremer’s V refers to a measure of association between two nominal variables whose value ranges between 0 and +1.

The correlation coefficient refers to a statistical measure that helps in measuring the strength of a linear relationship between two variables. Its value range between a positive and negative 1.

A contingency table refers to a type of table in a matrix format that displays the frequency distribution of the variables. This is used in survey research, business intelligence, engineering, and scientific research.

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