Solution Found!
Solved: Corporate sustainability of CPA firms. Refer to
Chapter , Problem 46E(choose chapter or problem)
Corporate sustainability of CPA firms. Refer to the Business and Society (March 2011) study on the sustainability behaviors of CPA corporations, Exercise 2.23 (p. 59). Recall that the level of support for corporate sustainability (measured on a quantitative scale ranging from 0 to 160 points) was obtained for each 992 senior managers at CPA firms. Numerical measures of central tendency for level of support are shown in the accompanying Minitab printout.
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 2.23.
Questions & Answers
QUESTION:
Corporate sustainability of CPA firms. Refer to the Business and Society (March 2011) study on the sustainability behaviors of CPA corporations, Exercise 2.23 (p. 59). Recall that the level of support for corporate sustainability (measured on a quantitative scale ranging from 0 to 160 points) was obtained for each 992 senior managers at CPA firms. Numerical measures of central tendency for level of support are shown in the accompanying Minitab printout.
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 2.23.
ANSWER:Step 1 of 5
From the given information we have:
Here our goal is:
a). We need to locate the mean on the printout. Also we have to comment on the accuracy of the statement: On average, the level of support for corporate sustainability for the 992 senior managers was 67.76 points.
b). We need to locate the median on the printout. Also we have to 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). We need to locate the mode on the printout. Also we have to 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 that exists in the distribution of 992 support levels.