Lambda Interpretation

[Glenys Lafrance]

Dear Listers,

I have computed several cross-tab statistics, including Lambda
(symmetric).  Can anyone tell me if/how to report a Lambda result that is
>.7 but significance is >.05, phi is also >.7, but significance is <.05.  I
conclude that there is a strong relationship between the two variables, but
can the Lambda stats be used to indicate a proprotional reduction in error?

Thanks.

Glenys Lafrance