At a Computer Manufacturing Company,the Actual Size of Computer Chips

question 18

Multiple Choice

At a computer manufacturing company,the actual size of computer chips is normally distributed with a mean of 1 cm and a standard deviation of 0.1 cm.A random sample of 12 computer chips is taken.What is the standard error for the sample mean?

• A) 0.029
• B) 0.120
• C) 0.091
• D) 0.050

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Definitions:

Theft

The act of stealing; taking someone else's property without permission or legal right.

Insurance Policy

A contract wherein an insurer agrees to compensate the insured for specified losses, damages, illness, or death in return for premiums paid.

Co-insurance Clause

A provision in insurance policies that requires the policyholder to bear a portion of the costs of a claim, promoting shared risk between the insurer and the insured.

Indemnity

A contractual agreement in which one party agrees to compensate another for losses or damages incurred.