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CLSSBB · Question #49

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 B. 2.22. 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 $3,600 in order to stay within budget. Using a sample of 35 first article components, a Mean of the new product upgrade price of $3,200 and a Standard Deviation of $180 was estimated. Based on the data provided, the Z value for the data assuming a Normal Distribution is?

Options

  • A1.11
  • B2.22
  • C4.30
  • D5.42

How the community answered

(51 responses)
  • A
    6% (3)
  • B
    76% (39)
  • C
    4% (2)
  • D
    14% (7)

Explanation

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Topics

#Z value calculation#hypothesis testing#normal distribution#one-sample Z-test

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