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

Limited Time Offer

25%

Off

Get Premium CLSSBB-001 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Pete

5 months ago

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

upvoted 0 times

...

Pedro

6 months ago

I agree with $35 max variation, seems reasonable.

upvoted 0 times

...

Gaynell

6 months ago

Z value of 4? That's pretty ambitious!

upvoted 0 times

...

Peter

6 months ago

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

upvoted 0 times

...

Tora

6 months ago

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

upvoted 0 times

...

Bettyann

7 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.

upvoted 0 times

...

Refugia

7 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.

upvoted 0 times

...

Jade

7 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.

upvoted 0 times

...

Emeline

7 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.

upvoted 0 times

...

Freeman

7 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.

upvoted 0 times

...

Carin

7 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.

upvoted 0 times

...

Emile

7 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.

upvoted 0 times

...

Graciela

7 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.

upvoted 0 times

...

Tesha

7 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.

upvoted 0 times

...

Latricia

7 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.

upvoted 0 times

...

Galen

7 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.

upvoted 0 times

...

Billy

7 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.

upvoted 0 times

...

Roosevelt

12 months ago

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

upvoted 0 times

...

Diego

12 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.

upvoted 0 times

...

Lorrie

12 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.

upvoted 0 times

Bong

10 months ago

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

upvoted 0 times

...

Cherelle

10 months ago

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

upvoted 0 times

...

Noe

10 months ago

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

upvoted 0 times

...

Bettina

11 months ago

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

upvoted 0 times

...

Mitsue

1 year 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...

upvoted 0 times

Polly

11 months ago

C) $70

upvoted 0 times

...

Junita

11 months ago

B) $35

upvoted 0 times

...

Lisbeth

12 months ago

A) $20

upvoted 0 times

...

Mitzie

1 year 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.

upvoted 0 times