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 worldwide corporations. Both...

Use a 0.05 level of significance and test for independence of the quality of management and the reputation of the company.

State the null and alternative hypotheses.

Find the value of the test statistic. (Round your answer to three decimal places.)

Find thep-value. (Round your answer to four decimal places.)

p-value =

State your conclusion.

If there is a dependence or association between the two ratings, discuss and use probabilities to justify your answer.

For companies with an excellent reputation, the largest column probability corresponds to  ---Select--- excellent good fair management quality. For companies with a good reputation, the largest column probability corresponds to  ---Select--- excellent good fair management quality. For companies with a fair reputation, the largest column probability corresponds to  ---Select--- excellent good fair management quality. Since these highest probabilities correspond to  ---Select--- different or the same ratings of quality of management and reputation, the two ratings are  ---Select--- independent associated .