A manufacturer of computer chips hasa computer hardware comp

A manufacturer of computer chips hasa computer hardware company as its largest customer. The computer hardwarecompany requires all of its chips to meet specifications of 1.2 cm. Thevice-president of manufacturing, concerned about a possible loss of sales,assigns his production manager the task of ensuring that chips are produced tomeet the specification of 1.2 cm. Based on the production run from last month, a 95% confidence interval wascomputed for the mean length of a computer chip resulting in: 95% confidence interval: (0.9 cm, 1.1 cm)What are the elements that the production managershould consider in determining his company’s ability to produce chips thatmeet specifications?Do the chips produced meet the desired specifications?What reasons should the production manager provide tothe vice-president to justify that the production team is meetingspecifications?How will this decision impact the chip manufacturer’ssales and net profit?

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