a). The equation for lambda is (E1-E2)/E1. Treating homeownerhsip as the independent variable and satisfaction with financial situation as the dependent variable, calculate the value of E1 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 in percentage terms .

QUESTION 4 10 points Save Answer Consider the following hypothetical data. Home Ownership Financial situation Satisfied More or less satisfied Not satisfied Column total a). The equation for lambda is (E1-E2)/E1. Treating homeownerhsip as the independent variable and satisfaction with financial situation as the dependent variable, calculate the value of 7 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 in percentage terms