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A grocery chain is deciding on where to locate its new distribution center. The new DC will serve four grocery stores, each with a demand of 10,000 units. If the coordinates of the stores are (112,108), (110,50), (40, 85), and (10, 25) where should the DC be located?
Suppose now that each store instead had demand of 20,000 units. Where should the DC go in this case?
Index Fund
An investment fund designed to follow certain preset rules so that the fund can track a specified basket of underlying investments.
PHStat
An Excel add-in designed to perform statistical analysis, it provides tools for statistical tests, data analysis, and graphical presentations.
Coefficient of Variation
A standardized measure of dispersion of a probability distribution or frequency distribution, calculated as the ratio of the standard deviation to the mean.
PHStat
An Excel add-in that enhances the statistical capabilities of Microsoft Excel, providing tools for statistical analysis and decision-making.
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