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A company takes a closer look at what CEOs are looking for and are finding as new sources of value in their businesses and industries.

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A company takes a closer look at what CEOs are looking for and are finding as new sources of value in their businesses and industries. The results of a recent survey, summarized in the accompanying table, classified CEOs by the main opportunity that they identified for business growth in their companies as well as their geographic region. At the 0.10 level of significance, is there evidence of a significant relationship between the identified main opportunity and geographic region? Click the icon to view the contingency table. Identify the null and alternative hypotheses. Ho: relationship exists between and relationship exists between and Calculate the test statistic. XSTAT = (Type an integer or a decimal. Round to three decimal places as needed.) Calculate the p-value. The p-value is. (Type an integer or a decimal. Round to three decimal places as needed.) State the conclusion. Since the p-value is than the level of significance, a, the null hypothesis and conclude that there is significant relationship between the identified main opportunity and geographic region.Identified Opportunities and Geographic Regions X Geographic Region Identified Main Opportunity Region 1 Region 2 Region 3 Region 4 Total Product or service 57 innovation 60 45 25 187 Increased share in 62 existing markets 33 28 16 139 Mergers and 26 13 acquisitions 8 5 52 New geographic 13 markets 22 28 3 66 New joint ventures and/or strategic 5 20 7 5 37 alliances Total 163 148 116 54 481 Print Done

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