Use the Following Information for the Question

question 4

Multiple Choice

Use the following information for the question. The average travel time to work for a person living and working in Kokomo,Indiana is 17 minutes. Suppose the standard deviation of travel time to work is 4.5 minutes and the distribution of travel timeis approximately normally distributed.
-Suppose that it is reported in the news that 8% of the people living and working in Kokomo feel"very satisfied" with their commute time to work. What is the travel time to work that separates thebottom 8% of people with the shortest travel times and the upper 92%? Round to the nearest tenthof a minute.

• A) 10.7 minutes
• B) 17.2 minutes
• C) 13.8 minutes
• D) None of these

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Socio-Economic

Pertaining to or dealing with how social and economic elements impact each other.

CSR Approaches

Strategies and practices companies use to conduct business in an ethical and socially responsible manner, aiming to positively impact society.

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An evaluation process assessing how well a company’s operations align with societal expectations regarding environmental, ethical, and social standards.

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The concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with stakeholders on a voluntary basis.