Use the Given Values Of $n = 93$ And $p = 0.24$

question 25

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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Definitions:

Guarantor

A person or entity that agrees to be responsible for another's debt or performance under a contract if the original party defaults.

Debtor's Obligation

A debtor's legal responsibility to repay a debt as agreed upon with the creditor.

Mechanic's Lien

A legal claim on a property's title to protect those who have provided work or materials that enhance the property's value.

Artisan's Lien

A legal claim granted to craftsmen or workers on the property they have repaired, built, or improved, ensuring payment for their services.