ICBB · Question #90
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. You've hit your session limit · resets 5:20pm (America/New_York)
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
(20 responses)- A5% (1)
- B80% (16)
- C10% (2)
- D5% (1)
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