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

question 103

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.
- $\mathrm { n } = 2114 , \mathrm { p } = \frac { 3 } { 5 }$

• A) Minimum: 1178.3; maximum: 1358.5
• B) Minimum: 1245.88; maximum: 1290.92
• C) Minimum: 1313.45; maximum: 1223.35
• D) Minimum: 1223.35; maximum: 1313.45

---

Definitions:

Earnings Per Share

The portion of a company's profit allocated to each outstanding share of common stock, serving as an indicator of a company's profitability.

Corporate Income Statement

is a financial document that outlines a corporation’s revenues, expenses, and profits or losses over a specific period.

Income From Continuing Operations

The earnings generated from a company's ongoing core business operations, excluding extraordinary items.

Cumulative Effect

The aggregate impact of an accounting change or policy adjustment over the period before the adjustment is implemented, often recognized immediately in financial statements.