QUESTION 10 In a sample of 1702 companies from year 2000, there are 878 companies that pay a stock dividend to its shareholders, there are 1253 companies that pay their CEO's over $1 million in total compensation, and there are 673 firms that pay a dividend and pay their CEO's over S1 million in total compensations. The following table describes this joint distribution. Dividend Not Dividend Total Over $1 Million Not over $1 million Total 673 205 878 580 244 824 1253 449 1702 When testing the hypothesis (using the 5% level of significance) that the compensation of the CEO and whether the company pays a dividend are independent, what is the test statistic? (please round your answer to 3 decimal places).
QUESTION 10 In a sample of 1702 companies from year 2000, there are 878 companies that pay a stock dividend to its shareholders, there are 1253 companies that pay their CEO's over $1 million in total compensation, and there are 673 firms that pay a dividend and pay their CEO's over S1 million in total compensations. The following table describes this joint distribution. Dividend Not Dividend Total Over $1 Million Not over $1 million Total 673 205 878 580 244 824 1253 449 1702 When testing the hypothesis (using the 5% level of significance) that the compensation of the CEO and whether the company pays a dividend are independent, what is the test statistic? (please round your answer to 3 decimal places).
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter7: Integration
Section7.CR: Chapter 7 Review
Problem 88CR
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Transcribed Image Text:QUESTION 10
In a sample of 1702 companies from year 2000, there are 878 companies that pay a stock dividend to its
shareholders, there are 1253 companies that pay their CEO's over $1 million in total compensation, and there are
673 firms that pay a dividend and pay their CEO's over $1 million in total compensations. The following table
describes this joint distribution.
Dividend
Not Dividend
Total
Over $1 Million
Not over $1 million
Total
673
205
878
580
244
824
1253
449
1702
When testing the hypothesis (using the 5% level of significance) that the compensation of the CEO and whether
the company pays a dividend are independent, what is the test statistic? (please round your answer to 3 decimal
places).
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