The goal of corporate sustainability is to manage the environmental, 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. A Nielsen survey found that 55% of global respondents are willing to pay extra for products and services from companies that are committed to positive social and environmental impact. Suppose you select a random sample of 100 global responders what is the probability that in the sample fewer than 50% are willing to pay extra for products that are committed to positive social and environmental impact?)
Sample Solution