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its weekly demand is 60 units with a standard deviation of five units, 20.03 is Walmart's weekly inventory holding cost per unit if its weekly inventory holding cost is 1201.78.
What is standard deviation?
A standard deviation (or "σ") is a measure of how widely distributed the data is in reference to the mean. A low standard deviation suggests that data is grouped around the mean, whereas a large standard deviation shows that data is more dispersed.
The average degree of variability in a data collection is represented by the standard deviation. It indicates the average deviation of each score from the mean.
Standard deviation is significant because it facilitates comprehension of measurements when data is scattered. The data's standard deviation will increase in proportion to how widely spread the data is.
Given that,
Weekly demand = 60 units
Standard deviation = 5 units
Weekly inventory holding cost = 1201.78
Weekly inventory holding cost per unit
= Weekly inventory holding cost/weekly demand
= 1201.78/60
= 20.03
20.03 is Walmart's weekly inventory holding cost per unit if its weekly inventory holding cost is 1201.78
To know more about standard deviation refer to:
https://brainly.com/question/12669569
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