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 10% of all applications were from minority candidates and that exactly 8% of the open positions were filled by members of a minority.For the investigation, the DEI office will take a random sample of 900 applications. Let \(\hat{p}\) be the proportion of minority applicants in the sample.Answer the following. (If necessary, consult a list of formulas.)---(a) Find the mean of \(\hat{p}\).\[\square\](b) Find the standard deviation of \(\hat{p}\).\[\square\](c) Compute an approximation for \(P(\hat{p} \leq 0.08)\), 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.\[\square\]

Solution-: Given: n=900, P=0.10 We want to find (a) The mean of p^=? (b) The standard deviation of…

Answered: The Diversity, Equity, and Inclusion…

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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