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GAQM CLSSBB-001 Exam - Topic 10 Question 61 Discussion

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?
D) 5.42
A) 1.11
B) 2.22
C) 4.30

GAQM CLSSBB-001 Exam - Topic 10 Question 61 Discussion

Actual exam question for GAQM's CLSSBB-001 exam
Question #: 61
Topic #: 10
[All CLSSBB-001 Questions]

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?

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Suggested Answer: D

by Lelia at Oct 20, 2024, 01:29 AM

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Cecily
8 months ago
Wait, how can the Z value be that low? Sounds off!
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Felix
8 months ago
Not sure about that, seems high for a Z value.
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Misty
8 months ago
I think the Z value is actually 2.22.
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Danilo
8 months ago
Z value calculation is key here!
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Alita
9 months ago
The mean is $3,200 and the cost limit is $3,600.
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Janella
9 months ago
I feel like I might be overthinking this. Is the Z value just a way to see how far the mean is from the target cost?
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Naomi
9 months ago
This seems similar to a question we did in class about supplier cost analysis. I think I need to subtract the mean from the target cost and then divide by the standard deviation.
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Dana
9 months ago
I remember we practiced calculating Z-scores, but I'm not entirely sure how to apply it here with the sample size and standard deviation.
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Karon
9 months ago
Alright, I think I've got the right approach. I'll plug in the given mean, standard deviation, and target value into the Z-score formula. Then I can use a Z-table or calculator to determine which answer option corresponds to the Z-value I calculated.
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Minna
9 months ago
I'm a bit confused by all the numbers in this problem. I'll need to carefully read through it again and make sure I understand which values I need to use in the Z-score calculation. Taking it slow and double-checking my work will be important here.
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Barney
9 months ago
Hmm, I'm a little unsure about this one. I need to remember the formula for calculating the Z-score and make sure I'm plugging in the right values. Let me think this through step-by-step.
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Cecil
9 months ago
This looks like a straightforward Z-score calculation problem. I'll need to plug in the given mean, standard deviation, and target value to find the Z-score.
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Thurman
1 year ago
I hope the answer isn't 'Z' because that would be way too obvious. Let's go with 'Zorro' just for fun!
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Linsey
1 year ago
C) 6.48
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Aleshia
1 year ago
B) 4.67
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Nettie
1 year ago
A) 2.33
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Justine
1 year ago
Ugh, why do they always make these questions so convoluted? I need more coffee to tackle this one.
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Nydia
1 year ago
Yeah, I agree. Let's grab that coffee and work through this together.
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Arlette
1 year ago
I think the Z value for the data is 2.33.
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Phuong
1 year ago
I know right, these questions can be so confusing sometimes.
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Lucina
1 year ago
Piece of cake! This is right up my alley. I'm going to ace this question and impress the hiring manager.
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Bev
1 year ago
Actually, the correct answer is A) 2.33.
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Barrett
1 year ago
B) 4.67
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Helene
1 year ago
Great job! You nailed it.
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Cora
1 year ago
A) 2.33
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Antonio
1 year ago
Wait, what's a Z-value again? I should have paid more attention in Statistics class.
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Kassandra
1 year ago
Hmm, this looks tricky. I better grab my calculator and start crunching some numbers.
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Louvenia
1 year ago
I think the Z value is 2.33.
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Wenona
1 year ago
A) 2.33
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Lyla
1 year ago
I agree. So, the closest option is A) 2.33. That seems like the correct answer.
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Veronique
1 year ago
Yes, that's correct. So, the Z value would be (3600 - 3200) / 180 = 2.22.
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Lyla
1 year ago
I think the Z value is calculated by subtracting the mean from the target value and dividing by the standard deviation.
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