6.34 Corporate sustainability of CPA firms. Refer to the NW Business and Society (Mar. 2011) study on the sustainabil. ity behaviors of CPA corporations, Exercise 1.26 (p. 22). Con- have for on a Recall that corporate sustainability refers to business practices designed around social and environmental siderations. The level of support senior managers corporate sustainability was measured quantitatively scale ranging from 0 to 160 points, where higher point val ues indicate a higher level of support for sustainability. The study provided the following information on the distribu tion of levels of support for sustainability: μ = 68,σ = 27. Now consider a random sample of 30 senior managers and let represent the sample mean level of support. a. Give the value of μx, the mean of the sampling distribu- tion of x, and interpret the result. b. Give the value of σx, the standard deviation of the sam pling distribution of x, and interpret the result. c. What does the Central Limit Theorem say about the shape of the sampling distribution of x? d. Find P(65).

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Make the explanation concise, if you can.  I don't want to have to write more than a couple pages

6.34 Corporate sustainability of CPA firms. Refer to the
NW Business and Society (Mar. 2011) study on the sustainabil.
ity behaviors of CPA corporations, Exercise 1.26 (p. 22).
Con-
have for
on a
Recall that corporate sustainability refers to business
practices designed around social and environmental
siderations. The level of support senior managers
corporate sustainability was measured quantitatively
scale ranging from 0 to 160 points, where higher point val
ues indicate a higher level of support for sustainability. The
study provided the following information on the distribu
tion of levels of support for sustainability: μ = 68,σ = 27.
Now consider a random sample of 30 senior managers and
let represent the sample mean level of support.
a. Give the value of μx, the mean of the sampling distribu-
tion of x, and interpret the result.
b. Give the value of σx, the standard deviation of the sam
pling distribution of x, and interpret the result.
c. What does the Central Limit Theorem say about the
shape of the sampling distribution of x?
d. Find P(65).
Transcribed Image Text:6.34 Corporate sustainability of CPA firms. Refer to the NW Business and Society (Mar. 2011) study on the sustainabil. ity behaviors of CPA corporations, Exercise 1.26 (p. 22). Con- have for on a Recall that corporate sustainability refers to business practices designed around social and environmental siderations. The level of support senior managers corporate sustainability was measured quantitatively scale ranging from 0 to 160 points, where higher point val ues indicate a higher level of support for sustainability. The study provided the following information on the distribu tion of levels of support for sustainability: μ = 68,σ = 27. Now consider a random sample of 30 senior managers and let represent the sample mean level of support. a. Give the value of μx, the mean of the sampling distribu- tion of x, and interpret the result. b. Give the value of σx, the standard deviation of the sam pling distribution of x, and interpret the result. c. What does the Central Limit Theorem say about the shape of the sampling distribution of x? d. Find P(65).
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