Step 1 :Given that the mean pulse rate is 81.7 beats per minute and the standard deviation is 11.4 beats per minute.
Step 2 :The range rule of thumb states that most values should fall within 2 standard deviations of the mean.
Step 3 :We calculate the lower limit by subtracting 2 times the standard deviation from the mean: \(81.7 - 2 \times 11.4 = 58.9\) beats per minute.
Step 4 :This means that pulse rates lower than 58.9 beats per minute are considered significantly low.
Step 5 :Given a pulse rate of 74.5 beats per minute, we compare it with the lower limit.
Step 6 :Since 74.5 beats per minute is higher than the lower limit of 58.9 beats per minute, it is not considered significantly low.
Step 7 :\(\boxed{74.5 \text{ beats per minute is not significantly low}}\)