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CLSSBB · Question #48
A Belt working in a supply chain environment has to make a decision to change suppliers of critical raw materials for a new product upgrade. The purchasing manager is depending on the Belt's effort re
The correct answer is C. Only if the average cost per product upgrade is $4,060, will the purchase manager introduce new product upgrades with new components.. You've hit your limit · resets 12:50am (America/New_York)
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Question
A Belt working in a supply chain environment has to make a decision to change suppliers of critical raw materials for a new product upgrade. The purchasing manager is depending on the Belt's effort requiring that the average cost of an internal critical raw material component be less than or equal to $4,200 in order to stay within budget. Using a sample of 35 first article components, a Mean of the new product upgrade price of $4,060, and a Standard Deviation of $98 was estimated. Select the answer that best states the Practical Problem.
Options
- AIf the average cost per component is $4,200 or less, then the purchase manager will introduce the new product upgrade with new components.
- BIf the average cost per component is greater than $4,200, then the purchase manager will introduce the new product upgrade with new components.
- COnly if the average cost per product upgrade is $4,060, will the purchase manager introduce new product upgrades with new components.
- DIf the average cost per new product upgrade is less than $180, then the purchase manager will introduce the new product upgrade with new components.
How the community answered
(28 responses)- A7% (2)
- B4% (1)
- C75% (21)
- D14% (4)
Explanation
You've hit your limit · resets 12:50am (America/New_York)
Topics
#practical problem statement#hypothesis testing#one-sample t-test#supply chain
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