Use the Given Values Of $n = 1205$ And $p = 0.98$

question 8

Multiple Choice

Use the given values of $n = 1205$ and $p = 0.98$ 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: 1171.18; maximum: \(1190.62\)
• B) Minimum: \(1176.04\); maximum: \(1185.76\)
• C) Minimum: \(1190.62\); maximum: \(1171.18\)
• D) Minimum: \(1174.03\); maximum: \(1187.77\)

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The total satisfaction or benefit received from consuming a particular quantity of goods or services.

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Individuals' or entities' varying tolerance for risk, influencing their decision-making in uncertain situations.

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A measure of satisfaction or happiness that a consumer gains from consuming a good or service.

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