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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

Contribute your Thoughts:

Renea
15 days 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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Lajuana
18 days ago
I agree with Gladis, the Z value should be around 2.33 based on the data provided.
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Gladis
20 days ago
I think the answer is A) 2.33
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