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

question 79

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: \(18.2\); maximum: \(26.44\)
• B) Minimum: \(30.56\); maximum: \(14.08\)
• C) Minimum: \(- 11.61\); maximum: \(56.25\)
• D) Minimum: \(14.08\); maximum: \(30.56\)

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Definitions:

Predetermined Overhead Rate

An estimated rate used to assign manufacturing overhead costs to individual products or job orders, calculated before the actual costs are known.

Capacity

The maximum level of output that a company can sustain to produce goods or services.

Estimated Activity

An approximation of the level of operational or production activity expected in a certain period, typically used for budgeting and costing.

Unused Capacity

The portion of a company's production or operational potential that is not currently being utilized.