Refer to the Business and Society (March 2011) study on the sustainability behaviors of CPA corporations, Exercise

Question:

Refer to the Business and Society (March 2011) study on the sustainability behaviors of CPA corporations, Exercise 2.48 (p. 72).
Numerical measures of variation for level of support for the 992 senior managers are shown in the accompanying Minitab printout.

a. Locate the range on the printout. Comment on the accuracy of the statement: "The difference between the largest and smallest values of level of support for the 992 senior managers is 155 points."
b. Locate the variance on the printout. Comment on the accuracy of the statement: "On average, the level of support for corporate sustainability for the 992 senior managers is 722 points."
c. Locate the standard deviation on the printout. Does the distribution of support levels for the 992 senior managers have more or less variation than another distribution with a standard deviation of 50? Explain.
d. Which measure of variation best describes the distribution of 992 support levels? Explain.

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...