Corporate sustainability refers to business practices designed around social and environmental considerations. The level of support senior managers have for corporate sustainability was measured quantitatively on a scale ranging from 0 to 160 points. A study on the sustainability behavior of CPA corporations provided the following information on the distribution of levels of support for sustainability: μ = 68, σ = 27. Now consider a random sample of 45 senior managers. Assuming the findings from the study are true, how likely is it to observe a sample mean of 65 for the sample of 45 senior managers?
Provide Null & Alternative Hypotheses
Test Statistic
Rejection, Show on bell curve
P value- if distribution is used
Decision wether to reject to not reject null
Conclusion