7. Given the following data, calculate the average demand and the standard deviation.Period1235678910TotalActual Demand1700210019002200200018002100230021001800DeviationDeviation Squared

The standard deviation demonstrates how widely distributed the numbers are from the mean. A fair…

7. Given the following data, calculate the average demand and the standard deviation. Period 1 2 3 4 5 6 7 8 9 10 Total Actual Demand 1700 2100 1900 2200 2000 1800 2100 2300 2100 1800 Deviation Deviation Squared

7. Given the following data, calculate the average demand and the standard deviation. Period 1 2 3 4 5 6 7 8 9 10 Total Actual Demand 1700 2100 1900 2200 2000 1800 2100 2300 2100 1800 Deviation Deviation Squared

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

7. Given the following data, calculate the average demand and the standard deviation.
Period
1
2
3
5
6
7
8
9
10
Total
Actual Demand
1700
2100
1900
2200
2000
1800
2100
2300
2100
1800
Deviation
Deviation Squared

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