Lambda is an appropriate measure of association if the percentage difference is very small (usually less than 5%).

Question

Quizplus · Accepted Answer

Lambda is a proportional reduction in error measure that ranges from 0 to 1. It is appropriate for measuring association between two categorical variables when the percentage difference is very small. When the percentage difference is large, other measures such as chi-square or odds ratio may be more appropriate.

Lambda Is an Appropriate Measure of Association If the Percentage