Calculate the Standard Deviation for Cost Per Order in the Following

question 59

Essay

Calculate the standard deviation for cost per order in the following table. $$\begin{array} { | l | l | } \hline \text { Observation } & \text { Cost per order } \\\hline X 1 & \$ 1345 \\\hline X 2 & \$ 4364 \\\hline X 3 & \$ 1768 \\\hline X 4 & \$ 2278 \\\hline X 5 & \$ 4332 \\\hline X 6 & \$ 2984 \\\hline X 7 & \$ 3326 \\\hline\end{array}$$

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Definitions:

Data Bus

A communications system within a computer or device for transferring data among components, allowing for the exchange of information.

Electronic System

A collection of electronic components and circuits designed to perform a specific function or set of functions within a device or machinery.

Rubber Bushings

Flexible rubber components used in suspension systems to reduce vibration and noise while offering support and flexibility.

Equalizing Beam Type

A component in suspension systems, primarily in heavy vehicles, designed to evenly distribute load across axles and improve stability.