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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?
Business Strategy
A plan of action designed to achieve a long-term or overall aim within the business environment, guiding decision-making and resource allocation.
Behavioral Perspective
An approach in psychology focusing on the study of observable behavior and its environmental determinants.
Strategic Management
The process of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives.
Value Statement
A declaration that outlines an organization's core beliefs and principles, guiding its behavior and decision-making.
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