The Wall Street Journal Annual Corporate Perceptions Study surveyed readers and asked how each rated the quality of management and the reputation of the company for over 250 worldwide corporations (The Wall Street Journal website, June 23, 2016). 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. Use a .05 level of significance and test for independence of the quality of management and the reputation of the company. What is the test statistic and p value?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter9: Systems Of Equations And Inequalities
Section: Chapter Questions
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The Wall Street Journal Annual Corporate Perceptions Study surveyed readers and asked how each rated the quality of management and the reputation of the company for over 250 worldwide corporations (The Wall Street Journal website, June 23, 2016). 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.

Use a .05 level of significance and test for independence of the quality of management and the reputation of the company. What is the test statistic and p value? 

Reputation of Company
Quality of Management
Excellent
Good
Fair
Excellent
40
25
Good
35
35
10
Fair
25
10
15
LO
Transcribed Image Text:Reputation of Company Quality of Management Excellent Good Fair Excellent 40 25 Good 35 35 10 Fair 25 10 15 LO
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