Calculate the Standard Deviation for Cost Per Order in the Following

question 14

Essay

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

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Definitions:

Specific Environment

The unique external forces and entities that directly impact an organization's operations, including customers, competitors, suppliers, and regulatory agencies.

General Environment

The broad external conditions that affect organizations, including economic, legal, technological, and cultural factors.

External

Referring to factors, forces, situations, or inputs that exist outside of the organization and can impact its performance and strategies.

Competitive Advantage

Competitive Advantage is a condition or circumstance that puts a company in a favorable or superior business position compared to its competitors.