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At a Computer Manufacturing Company, the Actual Size of Computer

question 147

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At a computer manufacturing company, the actual size of computer chips 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 less than 0.95 centimeters?


Definitions:

Legal Financial Obligation

A requirement to pay money as determined by a legal process or by law.

Declared

Pertains to a dividend or other distribution officially announced by a company's board of directors to be paid to shareholders.

Automatic Dividend Reinvestment

A program that allows investors to reinvest their cash dividends in additional shares or fractional shares of the underlying stock automatically.

Corporate Dividend Policies

Strategies a corporation adopts to decide the size, timing, and payment methods of dividends to shareholders.

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