Based on the data provided, the Z value for the data assuming a Normal Distribution is?

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

View Answer

Answer: B