Mathematics, 26.03.2020 17:53 ellycleland16
A minority representation group accuses a major bank of racial discrimination in its recent hires for financial analysts. Exactly 16% of all applications were from minority members, and exactly 15% of the 2100 open positions were filled by members of the minority.
a. Find the mean of p, where p is the proportion of minority member applications in a random sample of 2100 that is drawn from all applications.
b. Find the standard deviation of p.
c. Compute an approximation for P ( p leq 0.15), which is the probability that there will be 15% or fewer minority member applications in a random sample of 2100 drawn from all applications. Round your answer to four decimal places.
Answers: 2
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