International Markets Business Week magazine asked a sample of investors in the United States and other nations which stock market they expected to produce the best percentage gains over the next 12...

International Markets Business Week magazine asked a sample of investors in the United States and other nations which stock market they expected to produce the best percentage gains over the next 12 months.14 This table shows the percentage of American and foreign investors who picked each country as offering the best stock market. For instance, 31% of American investors thought the best market would be the US market.

(a) Does this table indicate association between the nationality of the investor and the choice of best performing market? What does the presence or absence of association tell you about these investors?

(b) Is this a contingency table?

(c) Quantify the amount of association present in this table, if you can.