Check My Work (3 remaining) The Wall Street Journal Corporate Perceptions Study surveys readers and asks how each rats the quality of management and the reputation of the company for over 250 worldwide 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. Excel File: data12-13.xlsx Reputation of Company Quality of Management Excellent Good Fair Excellent 40 25 5 Good 35 35 Fair 25 10 10 15 a. Use a = 0.05 level of significance and test for independence of the quality of management and the reputation of the company. Compute the value of the X2 test statistic (to 2 decimals). Do not round intermediate calculations. Use Table 3 of Appendix B to find the p-value. The p-value is - Select your answer- What is your conclusion? Conclude that the rating for the quality of management is b. If there is a dependence or association between the two The highest probabilities are that the two variables will Select your answer of the rating for the reputation of the company. ratings, discuss and use probabilities to justify your answer. Select your answer -

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