Posted by: Pdfprep
Post Date: November 12, 2020
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?
A . 1.11
B . 2.22
C . 4.30
D . 5.42
Answer: B
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