Suppose you select a sample of 100 consumers. a. What is the probability that in the sample fewer than 30% are choosing to buy from brands they believe are doing social or environmental good? b. What is the probability that in the sample between 28% and 38% are choosing to buy from brands they believe are doing social or environmental good? 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? d. If a sample of 400 is taken, how does this change your answers to (a) through (c)?

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7.17 The goal of corporate sustainability is to manage the environ-
mental, 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 by Unilever reveals that
33% of consumers are choosing to buy from brands they believe are
doing social or environmental good.
Transcribed Image Text:7.17 The goal of corporate sustainability is to manage the environ- mental, 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 by Unilever reveals that 33% of consumers are choosing to buy from brands they believe are doing social or environmental good.
Suppose you select a sample of 100 consumers.
a. What is the probability that in the samnple fewer than 30% are
choosing to buy from brands they believe are doing social or
environmental good?
b. What is the probability that in the sample between 28% and
38% are choosing to buy from brands they believe are doing
social or environmental good?
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?
d. If a sample of 400 is taken, how does this change your answers
to (a) through (c)?
Transcribed Image Text:Suppose you select a sample of 100 consumers. a. What is the probability that in the samnple fewer than 30% are choosing to buy from brands they believe are doing social or environmental good? b. What is the probability that in the sample between 28% and 38% are choosing to buy from brands they believe are doing social or environmental good? 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? d. If a sample of 400 is taken, how does this change your answers to (a) through (c)?
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