It is expected that 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. Assume that your friends represent a random sample. [You may find it useful to reference the z table.]

a-1. Interpret the sampling distribution of the sample proportion of your friends who will find employment in the first round of a job search.

multiple choice

• The sampling distribution is approximately normal and we need not apply the finite population correction.
• The sampling distribution is approximately normal and we need to apply the finite population correction.
• The sampling distribution is not approximately normal and we need not apply the finite population correction.
• The sampling distribution is not approximately normal and we need to apply the finite population correction.

a-2. Calculate the expected value and the standard error of the sample proportion. (Round "expected value" to 2 decimal places and "standard error" to 4 decimal places.)

b.What is the probability that less than 50% of your friends will find employment in the first round of a job search? (Round "z" value to 2 decimal places, and final answer to 4 decimal places.)

Exercise 7-37 Static It is expected that 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. Assume that your friends represent a random sample. [You may find It useful to reference the z table.] a-1. Interpret the sampling distribution of the sample proportion of your friends who will find employment in the first round of a job search. O The sampling distribution is approximately normal and we need not apply the finite population correction. The sampling distribution is approximately normal and we need to apply the finite population correction. O The sampling distribution is not approximately normal and we need not apply the finite population correction. The sampling distribution is not approximately normal and we need to apply the finite population correction. a-2. Calculate the expected value and the standard error of the sample proportion. (Round "expected value" to 2 decimal places and "standard error" to 4 decimal places.) Expected value Standard error b. What is the probability that less than 50% of your friends will find employment in the first round of a Job search? (Round "z" value to 2 decimal places, and final answer to 4 decimal places.) Probability