minority representation group accuses a major bank of racial discrimination in its recent hires for financial analysts. Exactly 12% of all applications were om minority members, and exactly 10% of the 1650 open positions were filled by members of the minority. swer 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 1650 that is drawn from all applications. (b) Find the standard deviation of p. (c) Compute an approximation for P (p <0.1), member applications in a random sample of 1650 drawn from all applications. Round your answer to four decimal which is the probability that there will be 10% or fewer minority places.

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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10
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, where p 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(p <0.1), 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.
Transcribed Image Text:= 4 10 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, where p 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(p <0.1), 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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