Use the Given Values of N=93 and $\mu - 2 \sigma$

question 8

Multiple Choice

Use the given values of n=93 and p=0.24 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: 30.56 ; maximum: 14.08
• B) Minimum: 14.08 ; maximum: 30.56
• C) Minimum: 18.2 ; maximum: 26.44
• D) Minimum: -11.61 ; maximum: 56.25

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Destroyed Industries

Sectors or markets that have suffered severe disruption or collapse, often due to technological changes, market shifts, or external disruptions.

Purely Competitive Industries

Industries in which numerous small firms compete against each other, selling identical or very similar products, and where no single firm can influence market prices.

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The surplus remaining after subtracting total costs from total revenues, including both explicit and implicit costs.