A minority representation group accuses a major bank of racial discrimination in its recent hires for 16% of all applications were from minority members, and exactly 15% of the 2100 open positions the minority. Answer the following. (If necessary, consult a list of formulas.) (a) Find the mean of p, where p is the proportion of minority member applications in a random sample of 2100 that is drawn from all applications. (b) Find the standard deviation of p. (c) Compute an approximation for P(p s0.15), which is the probability that there will be 15% or fewer minority member applications in a random sample of 2100 drawn from all ancwer to four decimal nlaces

A minority representation group accuses a major bank of racial discrimination in its recent hires for 16% of all applications were from minority members, and exactly 15% of the 2100 open positions the minority. Answer the following. (If necessary, consult a list of formulas.) (a) Find the mean of p, where p is the proportion of minority member applications in a random sample of 2100 that is drawn from all applications. (b) Find the standard deviation of p. (c) Compute an approximation for P(p s0.15), which is the probability that there will be 15% or fewer minority member applications in a random sample of 2100 drawn from all ancwer to four decimal nlaces

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

Question

A minority representation group accuses a major bank of racial discrimination in its recent hires for financial analysts. Exactly
16% of all applications were from minority members, and exactly 15% of the 2100 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, where p is the proportion of minority member applications in a
random sample of 2100 that is drawn from all applications.
(b) Find the standard deviation of p.
(c) Compute an approximation for P(p s0.15), which is the probability that there will be
15% or fewer minority member applications in a random sample of 2100 drawn from all
applications. Round your answer to four decimal places.
Explanation
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