Use the Given Values of N=1205 and $\mu - 2 \sigma$

question 18

Multiple Choice

Use the given values of n=1205 and p=0.98 to find the minimum value that is not significantly low, $\mu - 2 \sigma$ , and the maximum value that is not significantly high, $\mu + 2 \sigma$ Round your answer to the nearest hundredth unless otherwise noted.

• A) Minimum: 1171.18 ; maximum: 1190.62
• B) Minimum: 1176.04 ; maximum: 1185.76
• C) Minimum: 1190.62 ; maximum: 1171.18
• D) Minimum: 1174.03 ; maximum: 1187.77

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Definitions:

Treasury Stock

Shares that were issued and subsequently reacquired by the issuing corporation, reducing the amount of outstanding stock on the open market.

Cash Dividend

The distribution of some of a company's earnings to its shareholders as determined by the company's board of directors.

Waste Management System

A systematic approach to handling both disposal and recycling of waste materials in an environmentally friendly manner.

Liquidating Dividend

A type of dividend paid by a company to its shareholders from its capital rather than its earnings, often signaling the company is dissolving its assets.