A minority representation group accuses a major bank of racial discrimination in its recent hires for financial analysts. Exactly 12% of all applications were from minority members, and exactly 10% of the 1650 open positions were filled by members of the minority. Answer the following. (If necessary, consult a list of formulas.) (a) Find the mean of p, wherep is the proportion of minority member applications in a random sample of 1650 that is drawn from all applications. (b) Find the standard deviation of p. (c) Compute an approximation for P(ps0.1), which is the probability that there will be 10% or fewer minority member applications in a random sample of 1650 drawn from all applications. Round your answer to four decimal places.

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Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.