GAQM CLSSBB-001 Exam - Topic 4 Question 42 Discussion

Actual exam question for GAQM's CLSSBB-001 exam

Question #: 42
Topic #: 4

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?

A$20

B$35

C$70

D$110

Show Suggested Answer

Suggested Answer: C

by Jess at Mar 21, 2024, 03:41 AM

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Pete

3 months ago

Wait, can we really manage with just $20 variation? Sounds risky!

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Pedro

3 months ago

I agree with $35 max variation, seems reasonable.

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Gaynell

3 months ago

Z value of 4? That's pretty ambitious!

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Peter

4 months ago

I think $20 is too tight, we need some wiggle room.

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Tora

4 months ago

The mean is $4,060, so we need to keep it under $4,200.

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Bettyann

4 months ago

If I recall correctly, to achieve a Z value of 4, the variation should be quite small. I’m leaning towards option A, but I need to double-check my calculations.

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Refugia

4 months ago

I think the standard deviation plays a big role in this calculation, but I’m a bit confused about how to relate it to the Z value of 4.

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Jade

4 months ago

This question feels similar to one we practiced where we had to determine acceptable variations based on cost constraints. I think I need to apply the formula correctly here.

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Emeline

5 months ago

I remember we discussed Z-scores in class, but I'm not entirely sure how to calculate the maximum variation needed for a Z value of 4.

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Freeman

5 months ago

Whoa, this is a lot of information to process. I better take my time and make sure I understand everything before I start calculating anything.

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Carin

5 months ago

This seems straightforward enough. I'll work through it step-by-step and double-check my work to make sure I get the right answer.

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Emile

5 months ago

Okay, I think I've got this. I just need to plug the values into the formula and solve for the maximum variation. Shouldn't be too difficult.

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Graciela

5 months ago

Hmm, I'm a bit confused by all the statistical terms. I'll need to review my notes on Z-scores and standard deviations before I can tackle this.

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Tesha

5 months ago

This looks like a standard statistical problem. I'll need to calculate the Z-score and then use that to find the maximum long-term variation.

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Latricia

5 months ago

I'm a bit confused by this question. Distributed shares on a single node? That doesn't seem possible. Let me re-read the question and the options carefully to see if I can figure this out.

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Galen

5 months ago

I got this! The key is that current assets need to be convertible to cash, so the time period has to be within a year. The answer is definitely B.

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Billy

5 months ago

Okay, let me see... I know flow production involves continuous manufacturing, so that's not the right answer. Project-based systems make sense, but I'm not sure if that's the only one that involves design during manufacturing.

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Roosevelt

9 months ago

I wonder if the Belt is wearing a superhero cape while crunching these numbers. That would make this question even more epic!

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Diego

9 months ago

I bet the answer is going to be something really precise, like $70.38 or something. These supply chain questions can get pretty technical.

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Lorrie

9 months ago

Whoa, this is like a math puzzle! I'm going to take my time and make sure I understand all the details before answering.

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Bong

8 months ago

Great job! It's important to double check the calculations to ensure accuracy.

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Cherelle

8 months ago

I got the answer as $70. That's the maximum long term variation the Belt can accept.

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Noe

8 months ago

Once we have that, we can use the formula to find the maximum variation allowed.

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Bettina

8 months ago

I think the key is to calculate the standard deviation first.

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Mitsue

10 months ago

Okay, let's think this through step-by-step. The Belt needs to keep the cost below $4,200, and the mean is $4,060. The standard deviation is $98. To increase the Z value to 4, the maximum variation should be...

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Polly

9 months ago

C) $70

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Junita

9 months ago

B) $35

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Lisbeth

9 months ago

A) $20

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Mitzie

10 months ago

Hmm, this question is a tricky one. I'll need to carefully consider the given information about the mean, standard deviation, and the target long-term Z value to determine the maximum acceptable variation.

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