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At a computer manufacturing company,the actual size of a computer chip is normally distributed with a mean of 1 centimeter and a standard deviation of 0.1 centimeter.A random sample of 12 computer chips is taken.What is the probability that the sample mean will be below 0.95 centimeters?
Confidence Interval
A continuum of estimates, garnered from sample data analysis, presumed likely to contain the concealed value of a population trait.
Population Mean
The average of a set of numerical values of an entire population.
Observations
Data collected during an experiment or survey; each observation represents an individual unit of measured data.
Confidence Levels
The probability or percentage that specifies how confident one can be in the method used to construct a confidence interval estimate of a population parameter.
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