Corporate sustainability of CPA firms. Refer to the Business and Society (Mar. 2011) study on the sustainability behaviors of CPA corporations, Exercise 2.36

(p. 78). 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.
Check your answer by examining the histogram shown in Exercise 2.36.

Transcribed Image Text:

Descriptive Statistics: Support N for Variable N Support 992 Mean Minimum Median 67.755 0.000 Maximum 68.000 155.000 Mode Mode 64 20