Corporate sustainability, recall, refers to business practices designed around social and environmental considerations The level of support

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Corporate sustainability, recall, refers to business practices designed around social and environmental considerations The level of support senior managers have for corporate sustainability was measured quantitatively on a scale ranging from 0 to 160 points, where higher point values indicate a higher level of support for sustainability. The stud) provided the following information on the distribution of levels of support for sustainability: µ = 68, σ = 27. Now consider a random sample of 45 senior managers and let  represent the sample mean level of support.
a. Give the value of µ, the mean of the sampling distribution of , and interpret the result.
b. Give the value of σ, the standard deviation of the sampling distribution of , and interpret the result.
c. What does the Central Limit Theorem say about the shape of the sampling distribution of 
d. Find P( > 65).
For Information: Refer to the Business and Society (March 2011) study on the sustainability behaviors of CPA corporations, Exercise 1.26.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Statistics For Business And Economics

ISBN: 9780321826237

12th Edition

Authors: James T. McClave, P. George Benson, Terry T Sincich

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