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CSSBB · Question #289

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…

The correct answer is B. 2.22. See the full explanation below for the reasoning.

Analyze Phase

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 42 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

(28 responses)
  • A
    4% (1)
  • B
    79% (22)
  • C
    11% (3)
  • D
    7% (2)

Topics

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

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