Concept:
Use trigonometric identities to find the range of
\[
\cos^4\theta+\sin^4\theta.
\]
The equation will have real solutions only when \(\lambda\) cancels a value from this range.
Step 1: Simplify the expression.
\[
\cos^4\theta+\sin^4\theta
=
(\cos^2\theta+\sin^2\theta)^2
-
2\sin^2\theta\cos^2\theta
\]
\[
=1-2\sin^2\theta\cos^2\theta
\]
Using
\[
\sin^2\theta\cos^2\theta
=
\frac14\sin^22\theta,
\]
we get
\[
\cos^4\theta+\sin^4\theta
=
1-\frac12\sin^22\theta
\]
Step 2: Find the range.
Since
\[
0\le\sin^22\theta\le1,
\]
\[
\frac12
\le
\cos^4\theta+\sin^4\theta
\le
1
\]
Step 3: Use the equation.
Given
\[
\cos^4\theta+\sin^4\theta+\lambda=0
\]
\[
\lambda
=
-\left(\cos^4\theta+\sin^4\theta\right)
\]
Hence
\[
-1
\le
\lambda
\le
-\frac12
\]
\[
\boxed{\lambda\in\left[-1,-\frac12\right]}
\]