Find the Standard Deviation for the Given Sample Data $$\begin{array} { l l l l l l l l l l } 2 & 3 & 5 & 12 & 23 & 31 & 69 & 86 & 101 & 122\end{array}$$

question 90

Multiple Choice

Find the standard deviation for the given sample data. Round your answer to one more decimal place than is present in the original data.
-Listed below are the amounts of time (in months) that the employees of a restaurant have been working at the restaurant.
$$\begin{array} { l l l l l l l l l l } 2 & 3 & 5 & 12 & 23 & 31 & 69 & 86 & 101 & 122\end{array}$$

• A) 43.9 months
• B) 42.8 months
• C) 46.4 months
• D) 45.1 months

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Definitions:

Carrying Cost

The total cost of holding inventory, including storage, insurance, taxes, and opportunity cost.

Order Costs

Expenses incurred when ordering and receiving goods, which may include costs related to processing, shipping, and handling.

Economic Order Quantity

The ideal order quantity a company should purchase to minimize its inventory costs including holding, shortage, and order costs.

Carrying Cost

This is the total cost of holding inventory, including storage, handling, insurance, and opportunity costs.