Business Finance Homework Help

Respond to the following short answer questions in Chapter 7 from the Morgan, Leech, Gloeckner, & Barrett textbook:

D.5.7.1 In Output 7.1: (a) What do the terms “count” and “expected count” mean? (b) What does the difference between them tell you?

D.5.7.2 In Output 7.1: (a) Is the (Pearson) chi-square statistically significant? Explain what it means. (b) Are the expected values in at least 80% of the cells ≥ 5? How do you know? Why is this important?

D.5.7.4 Because father’s and mother’s education revised are 3-level variables with at least ordinal data, which of the statistics used in Problem

D.5.7.3 is the most appropriate to measure the strength of the relationship: phi, Cramer’s V, or Kendall’s tau-b? Interpret the results. Why are tau-b and Cramer’s V different?

D.5.7.5 In Output 7.4: (a) How do you know which is the appropriate value of eta? (b) Do you think it is high or low? Why? (c) How would you describe the results?