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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?
Correct Answer: A
Recent Comments (The most recent comments are at the top.)
MD. SHARIFUL ISLAM - May 16, 2021
Need explanation
MD. SHARIFUL ISLAM - May 01, 2021
Need explanation and solution technique like this problem
Recent Comments (The most recent comments are at the top.)
Need explanation
Need explanation and solution technique like this problem