The contingency coefficient varies between 0 and 1.The 0 value occurs in the case of no association i.e., the variables are statistically independent), but the maximum value of 1 is never achieved.

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This statement is true. The contingency coefficient, also known as Cramer's V coefficient, ranges from 0 to 1. A value of 0 indicates no association or independence between two variables, while the maximum value of 1 is not achievable due to mathematical limitations.

The Contingency Coefficient Varies Between 0 and 1