Question: Corporate sustainability of CPA firms.Refer to the Business and Society (March 2011) study on the sustainability behaviors of CPA corporations, Exercise 1.28 (p. 51). Corporate sustainability, recall, refers to business practices designed around social and environmental considerations. Data on the level of support for corporate sustainability were obtained for 992 senior managers. The level of support was measured quantitatively. The simulation was used to convert the data from the study to a scale ranging from 0 to 160 points, where higher point values indicate a higher level of support for sustainability.

a.A histogram for level of support for sustainability is shown next. What type of histogram is produced, frequency or relative frequency?

b.Use the graph to estimate the percentage of the 992 senior managers who reported a high (100 points or greater) level of support for corporate sustainability.

Step by step solution

01

Given information 

Data on the level of support for corporate sustainability was obtained for 992 senior managers. Data from the study to a scale range from 0 to 160 points.

02

(a) Type of diagram 

The percentages on the vertical axis show the proportions of the total number of data falling into each class, and a relative frequency histogram is generated in this case.

03

(b) Calculate the percentage of senior managers 

Total managers are the 23500 some senior managers the 992 .

Then the total percentage of senior managers:

$$\begin{gathered} \text{Percentage}=\frac{992}{23500}\times 100 \\ =\frac{992}{235} \\ =4.22 \end{gathered}$$

Thus, the total percentage is 4.22%.

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