1 Use a .05 level of significance and test for independence of the quality of management and the reputation of the company. Use Table 12.4. Compute the value of the X 2 test statistic (to 2 decimals). 2 The p-value is Select your answer - What is your conclusion? - Select your answer - -If there is a dependence or association between the two ratings, discuss and use probabilities to justify your answer. - Select your answer-

Practical Management Science
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Author:WINSTON, Wayne L.
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Chapter2: Introduction To Spreadsheet Modeling
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The Wall Street Journal Corporate Perceptions Study 2011 surveyed readers and asked how each rated the Quality of Management
and the Reputation of the Company for over 250 world-wide corporations. Both the Quality of Management and the Reputation of the
Company were rated on an Excellent, Good, and Fair categorical scale. Assume the sample data for 200 respondents below applies to
this study.
Reputation of Company
Quality of Management
Excellent
Good
Fair
Excellent
40
25
Good
35
35
10
Fair
25
10
15
1 Use a .05 level of significance and test for independence of the quality of management and the reputation of the company. Use
Table 12.4.
Compute the value of the x2 test statistic (to 2 decimals).
The p-value is
Select your answer -
What is your conclusion?
Select your answer -
If there is a dependence or association between the two ratings, discuss and use probabilities to justify your answer.
Select your answer -
Check My Worlk
Transcribed Image Text:The Wall Street Journal Corporate Perceptions Study 2011 surveyed readers and asked how each rated the Quality of Management and the Reputation of the Company for over 250 world-wide corporations. Both the Quality of Management and the Reputation of the Company were rated on an Excellent, Good, and Fair categorical scale. Assume the sample data for 200 respondents below applies to this study. Reputation of Company Quality of Management Excellent Good Fair Excellent 40 25 Good 35 35 10 Fair 25 10 15 1 Use a .05 level of significance and test for independence of the quality of management and the reputation of the company. Use Table 12.4. Compute the value of the x2 test statistic (to 2 decimals). The p-value is Select your answer - What is your conclusion? Select your answer - If there is a dependence or association between the two ratings, discuss and use probabilities to justify your answer. Select your answer - Check My Worlk
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