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. Select the answer that best states the Practical Problem.

Question

Examsnet · Accepted Answer

Correct Answer is :  Only if the average cost per product upgrade is $4,060, will the purchase manager introduce new product upgrades with new components.

Six Sigma Lean Yellow Belt Certification Questions Part 3