Given the recent economic downturn, only 60% in a graduating class of 250 will find employment in

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Given the recent economic downturn, only 60% in a graduating class of 250 will find employment in the first round of a job search. You have 20 friends who have recently graduated.

a. Discuss the sampling distribution of the sample proportion of your friends who will find employment in the first round of a job search.

b. What is the probability that less than 50% of your friends will find employment in the first round of a job search?


Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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