Okay, formula 3 may need a bit more explanation. Modulation sensitivity (for FM) is expressed in kHz or MHz per volt - how far a carrier can be moved from its nominal center frequency per one Volt of modulating audio signal amplitude.
If we have 100 mV peak-to-peak of 2 kHz audio applied to a modulator with a sensitivity of 100 kHz/Volt, we can expect the modulator to produce 10 kHz total carrier deviation.
Now, applying formula 2 where delta = modulator sensitivity * peak value of the modulating signal, and using our example above, the peak signal amplitude is one half of the peak-to-peak, or 50 mV. So 100 kHz * 0.05 Volts = 5 kHz delta. We express this as +/- 5 kHz deviation.
Back to your original problem, we have now ruled out formula 2 and you have previously ruled out formula 3, leaving only formula 1.
In the original problem, we are given a carrier deviation (delta) of 4 Hz, produced by a 2 kHz signal, and asked to find the modulation index. Stated differently, modulation index is the ratio of how far a carrier is deviated to the frequency of the modulating signal (not the signal amplitude).
Hopefully you'll now have a clearer understanding and can post back with your solution.
RF+ Tech