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ICGB · Question #95

A battery manufacturer was considering changing suppliers for a particular part. The purchasing manager required that the average cost of the part be less than or equal to $32 in order to stay…

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Question

A battery manufacturer was considering changing suppliers for a particular part. The purchasing manager required that the average cost of the part be less than or equal to $32 in order to stay within budget. A sample of the 32 initial deliveries had a Mean of the new product upgrade price of $28 with an estimated Standard Deviation of $3. Based on the data provided, the Z value for the data assuming a Normal Distribution is?

Options

  • A2.67
  • B4.33
  • C1.33
  • D0.67

How the community answered

(54 responses)
  • A
    9% (5)
  • B
    2% (1)
  • C
    83% (45)
  • D
    6% (3)

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Topics

#Z-score calculation#normal distribution#standard deviation#hypothesis testing

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