Determine If the Outcome Is Unusual $\mu - 2 \sigma$ Or Greater Than

question 141

Multiple Choice

Determine if the outcome is unusual. Consider as unusual any result that differs from the mean by more than 2 standard
deviations. That is, unusual values are either less than $\mu - 2 \sigma$ or greater than $\mu + 2 \sigma$
-According to AccuData Media Research, 36% of televisions within the Chicago city limits are tuned to "Eyewitness News" at 5:00 pm on Sunday nights. At 5:00 pm on a given Sunday, 2500 such televisions are
Randomly selected and checked to determine what is being watched. Would it be unusual to find that 981 of the
2500 televisions are tuned to "Eyewitness News"?

• A) Yes
• B) No

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Definitions:

Earnings Per Share

Earnings Per Share (EPS) calculates the portion of a company's profit allocated to each outstanding share of common stock, serving as an indicator of the company's profitability.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues, also known as the bottom line or net profit.

Shares Outstanding

The total number of a company's shares currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s insiders.

Statement Of Comprehensive Income

The statement of comprehensive income is a financial statement that includes all changes in equity during a period except those resulting from investments by and distributions to owners.