The Diversity, Equity, and Inclusion (DEI) office of a major multinational bank is investigating the process used to make recent hires forfinancial analysts. The office knows that exactly 16% of all applications were from minority candidates and that exactly 14% of the openpositions were filled by members of a minority.For the investigation, the DEI office will take a random sample of 2100 applications. Let p be the proportion of minority applicants in thesample.Answer the following. (If necessary, consult a list of formulas.)(a) Find the mean of p.(b) Find the standard deviation of p.(c) Compute an approximation for P (p<0.14 ), which is the probability that there will be fewer minorityapplicants in the sample than were hired by the bank. Round your answer to four decimal places.

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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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