Exhibit 2-4.Students in Professor Smith's Business Statistics course have evaluated the overall effectiveness of the professor's instruction on a five-point scale,where a score of 1 indicates very poor performance and a score of 5 indicates outstanding performance.The raw scores are displayed in the accompanying table: 
Refer to Exhibit 2-4.What percentage of students gave Professor Smith an evaluation higher than 3?
Definitions:
Life Cycle
The series of changes in the life of an organism or product, including its inception, growth, and eventual decline or discontinuation.
Entrepreneurial Organisations
Entrepreneurial organizations emphasize innovation, risk-taking, and proactiveness, often operating in a dynamic and competitive environment to achieve growth.
Managerial Succession
The process of identifying and preparing future leaders to replace current managers as they leave, retire, or move within the organization.
Customer-focused
A business orientation that prioritizes the needs and preferences of customers in product and service design, and company policies.
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