minority representation group accuses a major bank of racial discrimination in its recent hires for financial analysts. Exactly 12% of all applications were from ninority 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. D. (b) Find the standard deviation of p. (c) Compute an approximation for P(p s0.1). applications in a random sample of 1650 drawn from all applications. Round your answer to four decimal places. which is the probability that there will be 10% or fewer minority member
minority representation group accuses a major bank of racial discrimination in its recent hires for financial analysts. Exactly 12% of all applications were from ninority 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. D. (b) Find the standard deviation of p. (c) Compute an approximation for P(p s0.1). applications in a random sample of 1650 drawn from all applications. Round your answer to four decimal places. which is the probability that there will be 10% or fewer minority member
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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![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 \(\hat{p}\), where \(\hat{p}\) 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 \(\hat{p}\).
[ ]
(c) Compute an approximation for \(P(\hat{p} \leq 0.1)\), 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.
[ ]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faf648817-a410-42c0-9aed-d7ed1ec84584%2Fcdee44ad-1f75-4143-befe-4f29956a0e7f%2Fsnt7m2_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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 \(\hat{p}\), where \(\hat{p}\) 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 \(\hat{p}\).
[ ]
(c) Compute an approximation for \(P(\hat{p} \leq 0.1)\), 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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