Refer to the Business and Society (Mar. 2011) study on the sustainability behaviors of CPA corporations, Exercise
Question:
Refer to the Business and Society (Mar. 2011) study on the sustainability behaviors of CPA corporations, Exercise 2.36 (p. 50). Recall that the level of support for corporate sustainability (measured on a quantitative scale ranging
from 0 to 160 points) was obtained for each of 992 senior managers at CPA firms. Numerical measures of central tendency for level of support are shown in the accompanying MINITAB printout. a. Locate the mean 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 67.76 points." b. Locate the median on the printout. Comment on the accuracy of the statement: "Half of the 992 senior managers reported a level of support for corporate sustainability below 68 points." c. Locate the mode on the printout. Comment on the accuracy of the statement: "Most of the 992 senior managers reported a level of support for corporate sustainability below 64 points." d. Based on the values of the measures of central tendency, make a statement about the type of skewness (if any) that exists in the distribution of 992 support levels.
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...
Transcribed Image Text:
Descriptive Statistics: Support N for Mode Variable Support Mean Median Mode Minimum Maximum 0.000 68.000 155.000 64 20 992 67.755 7- 6- 5- 3- 2니 60 Support Level 20 40 80 100 120 140 Percent
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a Locate the mean on the given printout From the output the value of mean is 67755 Observe the accur...View the full answer
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