Consider the contingency table in Exhibit 11, which classifies 500 randomly selected companies on the basis of

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Consider the contingency table in Exhibit 11, which classifies 500 randomly selected companies on the basis of two environmental, social, and governance (ESG) rating dimensions: environmental rating and governance rating. 

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1. What are the expected frequencies for these two ESG rating dimensions if these categories are independent? 

2. Using a 5 percent level of significance, determine whether these two ESG rating dimensions are independent of one another.

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