Final answer:
To satisfy federal grant affirmative action requirements, a company with 550 employees must have at least 83 minority employees to make up the 15% minimum.
Step-by-step explanation:
To meet the minimum affirmative action requirements for federal grant money, a company needs to employ a certain percentage of minority employees. If the company employs 550 people and the requirement is that 15% of the total number of employees must meet minority requirements, we can calculate the number of minority employees needed as follows:
Number of minority employees = 15% of total employees
= 0.15 × 550
= 82.5
Since the number of people cannot be a fraction, the company should employ at least 83 minority employees to meet the minimum requirements.