Calculate the Standard Deviation for Cost Per Order in the Following

question 94

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:

Multiple Regression

A statistical technique that uses several explanatory variables to predict the outcome of a response variable.

Sales

The exchange of goods or services for money; it is a critical measure of the performance and health of a business.

Promotional Expenditures

Costs associated with marketing and advertising efforts to promote a product or service.

Sales Increase

A rise in the number of products sold or the amount of revenue generated from the sale of products or services over a given period.