Measure of Dispersion

The measure of dispersion that most accurately depicts scroll data is standard deviation. When you depend at measuring dispersion you atomic number 18 looking to see how the entire spread of data actu onlyy measures to individually other. Standard deviation presents how much the data will deviate from the recipe number. Also what this will build are not just tendencies for a years worth of data but this domiciliate be analyzed effectively to look at certain months inventory numbers. If a trend is able to be developed then all that will stupefy to be make is a minor tweak to get next years perdition.It also allows for a elementary calculation of a percentage above the norm. This will also show the highs and lows in a rattling simple form so that you can compare them with last years highs and lows. The mean most accurately depicts the inventory data that is being presented. When you look at the mean you are looking at an fair and you are then able to see what a good place t o start for future inventory numbers may be. This would also depict what a norm might be for your go with if you look at the last 5 years and compare it to the last year.Also if you take the median you are looking at the middle of the number set but you are not accurately depict the high and low numbers that are within the number set and the raw data. I value that also the inventory number can be anything when you are looking at the musical mode it all depends on what number may have happened twice or if no repetition in the middle. arsenal management remainss are a critical aspect of businesses. Monitoring inventory levels are important for generating gross and profits.Inventory Management Systems are apply to track and monitor inventory levels and are often introduce with modern software systems. Many organizations find it important to maintain an efficient inventory management system to help generate revenue and profit. Even though most Inventory Systems are similar, each company modifies their system to fit the needs of the company in order to be successful. Management needs to have the ability to create, read and decipher frequency distributions, locate the mean, median and mode and show a normal distribution Is this Essay helpful?Join OPPapers to read more and access more than 350,000 just ilk it get better grades of raw data collected. The University of Phoenix would also need to be able to number this raw data into grouped data in order to report distributions and a standard deviation. The decision maker management team would present this data of the inventory system in order to allow for forecasting, amend customer retention, satisfaction, along with profitability and expenses.The inventory system would gather raw data from multiple inquiries, broadcast frequency, number of student inquiries, and how many students enrolled and into which programs and finally how many graduates there are. The chase table shows the mean, median and mode of the Summer Historical Data for the actual demands in units (units being the students). The accompanying presentation provides this data that was used from the Summer Historical data series and shows raw data showing frequency distribution, forecasting for the following year, averages and most frequent numbers, the normal distribution with a symmetrical bell curve.