GAQM Exam CLSSBB-001 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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Roosevelt

2 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

2 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

2 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

9 days ago

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

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Cherelle

10 days ago

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

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Noe

11 days ago

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

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Bettina

27 days ago

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

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Mitsue

3 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

2 months ago

C) $70

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Junita

2 months ago

B) $35

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Lisbeth

2 months ago

A) $20

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Mitzie

3 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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