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IASSC Exam ICBB Topic 10 Question 52 Discussion

Actual exam question for IASSC's ICBB exam
Question #: 52
Topic #: 10
[All ICBB 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: A

by Earleen at Aug 10, 2023, 06:04 AM

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Alberta
18 days ago
I bet the answer is hidden in the secret decoder ring that came with my cereal this morning. D - 8.28, no doubt about it!
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Mariann
20 days ago
Seriously, who writes these exam questions? They're like trying to solve a Rubik's cube while juggling. I'm going with D - 8.28, just to mess with the graders.
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Tamra
24 days ago
Ah, a classic normal distribution problem. Okay, let me think this through... Yep, definitely A - 2.33. I'm feeling confident about this one.
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Peter
18 days ago
I agree, it's definitely A - 2.33. The Z value is within the range based on the mean and standard deviation provided.
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Leontine
1 months ago
Wait, what? This question is making my head spin. I'm just going to guess and hope for the best. C - 6.48, let's do this!
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Devorah
18 days ago
No, I believe it's B) 4.67.
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Joaquin
27 days ago
I think the answer is actually A) 2.33.
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Renea
2 months ago
Hmm, this looks like a tricky one. I think I'll go with B - 4.67, seems like the most reasonable answer based on the information provided.
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Glory
3 days ago
I'm going to stick with D - 8.28, it seems like the Z value that fits the scenario.
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Alesia
8 days ago
I agree with you, B - 4.67 seems like a reasonable choice given the situation.
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Van
12 days ago
I think C - 6.48 is the right answer, considering the data provided.
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Tora
19 days ago
I'm going with A - 2.33, it seems like the correct Z value based on the Mean and Standard Deviation.
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Melda
25 days ago
I agree, A seems to be the right choice based on the data.
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Emmanuel
28 days ago
I think A - 2.33 is the correct answer.
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Lajuana
2 months ago
I agree with Gladis, the Z value should be around 2.33 based on the data provided.
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Gladis
2 months ago
I think the answer is A) 2.33
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