ICBB · Question #91
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. $35. 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 $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. In order to increase the Long Term Z value to 4, what is the maximum long term variation in pricing the Belt can accept for his upgraded critical raw material component?
Options
- A$20
- B$35
- C$70
- D$110
How the community answered
(52 responses)- A15% (8)
- B71% (37)
- C10% (5)
- D4% (2)
Explanation
You've hit your session limit · resets 5:20pm (America/New_York)
Community Discussion
No community discussion yet for this question.