I'm trying to understand Cramer V and if it fits my data (after CHI squared returns a significant association between variables) and also looking for alternatives (I've heard a Spearman correlation might be better in some cases..?)
1st example: I have a yes/no response from users and there are 2 conditions (2x2 matrix)
library(rcompanion)
x <- matrix(c(144,120,66,90), nrow = 2)
colnames(x) <- c("No", "Yes")
rownames(x) <- c("Cond1", "Cond2")
cramerV(x, conf = 95)
2nd example: similar but the options for the answers are 3 (so a 3x2 matrix).
library(rcompanion)
x <- matrix(c(57,27,87,93,66,90), nrow = 2)
colnames(x) <- c("NA", "No", "Yes")
rownames(x) <- c("Cond1", "Cond2")
cramerV(x, conf = 95)
is this the correct implementation of the Cramer V? I'm struggling to understand what the p-value is actually telling me. how does a single p-value represent how strong is the association between all those values? are there better alternatives? thanks