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

question 123

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?

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Definitions:

Stock Appreciation Rights

A type of compensation granted to employees that provides the right to receive cash or stock based on the increase in the price of the company's stock over a set period.

Compensatory Stock Option Plans

Employee benefit plans which grant the option to purchase company stock at a discounted price as compensation or incentive.

Performance-Based Stock Option Plans

Incentive programs that grant options to employees as rewards for achieving specific performance targets.

Convertible Preferred Stock

A type of preferred stock that holders can convert into a predetermined number of common shares, often at a set price.