I suppose the idea is that outside those normal ranges, there might be some kind of pathology that will be corrected with supplemental oxygen.
I'm sure that sheet is given with the assumption that if the pt is not breathing with an adequate tidal volume, that you should perform some kind of manual ventilation.
While oxygenation is a pretty complex process, there is a relationship between three factors that you want to be familiar with at this stage that affect the choices you make with supplemental oxygen as I see it, but others may disagree (I always like to point out, I'm only a student myself).
1. Fraction of inspired oxygen (FiO2) - this is the percentage of what ever is going in that is made up of O2, remembering that the air we breath is 21 percent oxygen, the rest being mostly nitrogen. So the FiO2 of air is 0.21, but lets write it as a percentage for now - 21%. (You nasal canulae and simple face masks can offer anywhere between 23% and ~60% oxygen depending on the flow rate from the regulator, respiratory rate and tidal volume).
2. Tidal Volume (Vt) - How much air/gas is taken in with each breath.
3. Respiratory Rate (RR) - How many breaths are taken each minute.
Hop on google and just quickly read up on their relationships, especially the importance of adequate minute volume. I think then the issue may become clearer.
You are, of course, right. If a person is 'breathing' at two a minute, you must manual ventilate them; an O2 mask in not appropriate. However, exactly where you decide that a person's respiratory rate becomes inadequate for supplemental oxygen, and that they need to be manually ventilated is not always clear cut. As an EMT, I'm sure you will have a RR number bellow which you must start ventilating. So for tests and so on, remember that, however, understand that oxygenation and ventilation physiology and treatment modalities are very much more complicated that just RR and still far more complex than just the three factors I mentioned.
http://people.eku.edu/ritchisong/301notes6.htm -- This web page may help you to answer some of your questions. I stumbled on it the other day, and it looks pretty good. I haven't heard any objections to it yet.