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Business and Society (March 2011) published a study on the sustainability behaviors of CPA corporations. The level of support senior managers have for corporate sustainability, business practices designed around social and environmental considerations, 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 study provided the following information on the distribution of levels of support for sustainability: µ = 68, ? = 27. Now consider a random sample of 45 senior managers and let represent the sample mean level of support.
a. Give the value of , the mean of the sampling distribution of , and interpret the result.
b. Give the value of , the standard deviation of the sampling distribution of , and interpret the results.
c. What does the Central Limit Theorem say about the shape of the sampling distribution of ?
d. Find P( > 65).
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Is it reasonable to compute that the mean of the population is actually $15,000.
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the company explains that although this proportion is lower than it might wish its not a surprising value given that
The top 25 companies ranked by market capitalization operating in the washington DC, area along with the year they were founded and the number of employees are given below.
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