A minority representation group accuses a major bank of racial discrimination in its recent hires for financial analysts. Exactly 10% of all applications were from minority members, and exactly 9% of the 900 open positions were filled by members of the minority.Find the mean of p, where p is the proportion of minority member applications in a random sample of 900 that is drawn from all applications.Find the standard deviation of p.Compute an approximation for P≤p0.09, which is the probability that there will be 9% or fewer minority member applications in a random sample of 900 drawn from all applications. Round your answer to four decimal places.(If necessary, consult a list of formulas.)a.b.c.

From the provided information, 10% of all applications were from minority members that is p = 0.10…

Answered: A minority representation group accuses…

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

10%

of all applications were from minority members, and exactly

of the

900

open positions were filled by members of the minority.

Find the mean of

p

, where

p

is the proportion of minority member applications in a random sample of

900

that is drawn from all applications.
Find the standard deviation of

p

.
Compute an approximation for

P≤p0.09

, which is the probability that there will be

9%

or fewer minority member applications in a random sample of

900

drawn from all applications. Round your answer to four decimal places.

(If necessary, consult a list of formulas.)

a.b.c.

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