Question
The goal of corporate sustainability is to manage the environmental, economic, and social effects of a corporation's operations so it is profitable over the long-term
The goal of corporate sustainability is to manage the environmental, economic, and social effects of a corporation's operations so it is profitable over the long-term while acting in a responsible manner to society. An international study reveals that
32%
of consumers are choosing to buy from brands they believe are doing social or environmental good. Suppose you select a sample of
100
consumers. Answer parts (a) through (d).
a. What is the probability that in the sample fewer than
29%
are choosing to buy from brands they believe are doing social or environmental good?
0.26010
(Round to four decimal places as needed.)
b. What is the probability that in the sample between
24%
and
38%
are choosing to buy from brands they believe are doing social or environmental good?
0.85760
(Round to four decimal places as needed.)
c. What is the probability that in the sample more than
38%
are choosing to buy from brands they believe are doing social or environmental good?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started