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

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Essay

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 probability that the sample mean will be below 0.95 cm?


Definitions:

Venture Capital

Financing for new, often high-risk ventures.

Ownership

The act, state, or right of possessing something.

Financing Condition

A provision that stipulates specific financial conditions that must be met for a transaction to proceed.

Voting Preferred Stock

A type of preferred stock that grants holders the right to vote on certain corporate matters, typically in addition to receiving fixed dividend payments.

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