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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

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

673

205

878

Not over $1 million

580

244

824

Total

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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