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

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Definitions:

Sequential Game

A type of game in game theory where players make decisions one after another, rather than simultaneously, allowing for a strategic consideration of the previous actions.

Battle of the Sexes

A game theory model illustrating coordination problems through the preferences of two individuals trying to agree on a common decision with conflicting interests.

Maximin Strategies

Decision-making strategies aimed at maximizing the minimum payoff attainable, commonly used in games and economic scenarios where uncertainty is a significant factor.

Repetition of a Game

In game theory, it refers to playing the same strategic game multiple times, which can impact the strategies and outcomes over time.