Use the Given Values of N and P to Find $\mu - 2 \sigma \text { and the maximum usual value } \mu + 2 \sigma$

question 146

Multiple Choice

Use the given values of n and p to find the minimum usual value $\mu - 2 \sigma \text { and the maximum usual value } \mu + 2 \sigma$ . Round your answer to the nearest hundredth unless otherwise noted.
- $n = 659 , p = \frac { 4 } { 5 }$

• A) Minimum: 516.93; maximum: 537.47
• B) Minimum: 506.66; maximum: 547.74
• C) Minimum: 465.59; maximum: 588.81
• D) Minimum: 547.74; maximum: 506.66

---

Definitions:

Optimal Quantity

The amount of a good or service that maximizes a consumer's satisfaction or a producer's profit given certain constraints and objectives.

Consumers

Individuals or organizations that use economic goods and services produced within an economy.

Firms

Business entities or organizations that produce goods or provide services with the aim of making a profit, often operating within specific industries or markets.

Economic Theory

A set of principles and models that explains how economies operate and how economic agents interact.