ASQ
CSSBB · Question #407
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. 4.67. 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 $2,800 in order to stay within budget. Using a sample of 55 first article components, a Mean of the new product upgrade price of $2,240 and a Standard Deviation of $120 was estimated. Based on the data provided, the Z value for the data assuming a Normal Distribution is?
Options
- A2.33
- B4.67
- C6.48
- D8.28
How the community answered
(25 responses)- A4% (1)
- B76% (19)
- C12% (3)
- D8% (2)
Topics
#Z value#hypothesis testing#sample mean#standard deviation
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