A Belt Working in a Supply Chain Environment Has to Make

question 56

Multiple Choice

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?

• A) 1.11
• B) 2.22
• C) 4.30
• D) 5.42

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Definitions:

Specificity

The ability of a test to correctly identify individuals who do not have a given disease or condition among a group being tested.

Percent Agreement

A statistical measure used to assess the degree of concordance between two or more observers on a categorical scale.

Ultrasounds

A diagnostic imaging technique that uses high-frequency sound waves to visualize internal organs or tissues in the body, commonly used in medical diagnostics and prenatal care.

Tuberculosis

A serious infectious disease caused by the bacterium Mycobacterium tuberculosis, primarily affecting the lungs but can spread to other organs.