A minority representation group accuses a major bank of racial discrimination in its recent hires for financial analysts. Exactly 12% of all applications were from minority members, and exactly 10% of...

Extracted text: A minority representation group accuses a major bank of racial discrimination in its recent hires for financial analysts. Exactly 12% of all applications were from minority members, and exactly 10% of the 1650 open positions were filled by members of the minority. Answer the following. (If necessary, consult a list of formulas.) (a) Find the mean of p, where p is the proportion of minority member applications in a random sample of 1650 that is drawn from all applications. 5 ? (b) Find the standard deviation of p. (c) Compute an approximation for P(p <0.1), which="" is="" the="" probability="" that="" there="" will="" be="" 10%="" or="" fewer="" minority="" member="" applications="" in="" a="" random="" sample="" of="" 1650="" drawn="" from="" all="" applications.="" round="" your="" answer="" to="" four="" decimal="">