The Diversity, Equity, and Inclusion (DEI) office of a major multinational bank is investigating the process used to make recent hires for financial analysts. The office knows that exactly 12%of all applications were from minority candidates and that exactly 10% of the open positions were filled by members of a minority.For the investigation, the DEI office will take a random sample of 1650 applications. Let p be the proportion of minority applicants in the sample. Answer the following: A) Find the mean of p: B)Find the starndard deviation of p: C) Compute an approximation for P(p ≤ 0.1), which is the probability that there will be fewer minority applicants in the sample than were hired by the bank. Round your answer to four decimal places.
The Diversity, Equity, and Inclusion (DEI) office of a major multinational bank is investigating the process used to make recent hires for financial analysts. The office knows that exactly 12%of all applications were from minority candidates and that exactly 10% of the open positions were filled by members of a minority.For the investigation, the DEI office will take a random sample of 1650 applications. Let p be the proportion of minority applicants in the sample.
Answer the following:
A) Find the mean of p:
B)Find the starndard deviation of p:
C) Compute an approximation for P(p ≤ 0.1), which is the probability that there will be fewer minority applicants in the sample than were hired by the bank. Round your answer to four decimal places.
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