Use the Given Values of N=2112 $p = \frac { 3 } { 4 }$

question 22

Multiple Choice

Use the given values of n=2112, $p = \frac { 3 } { 4 }$ 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: 1478.7; maximum: 1689.3
• B) Minimum: 1544.2 ; maximum: 1623.8
• C) Minimum: 1564.1; maximum: 1603.9
• D) Minimum: 1623.8; maximum: 1544.2

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Definitions:

Unit Sold

The quantity of items or products that have been sold.

Direct Manufacturing Cost

The sum of all the cost components that are directly attributable to the production process, including direct materials and direct labor.

Units Produced

The total number of units of a product that have been manufactured during a specific period.

Manufacturing Overhead Costs

The indirect costs associated with manufacturing, including costs related to running the factory floor that are not directly traceable to specific units of products.