Case 2-1 Bavant Needs to Gather Some Additional Statistics on Its Customers.An

question 103

Short Answer

Case 2-1
Bavant needs to gather some additional statistics on its customers.An employee at Bavant has created an initial query as shown in the accompanying figure that calculates the average amount paid.The employee is unsure what aggregate functions to use for additional calculations.
-Which aggregate function will find the standard deviation?

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Definitions:

Safety Inventory

Additional stock that a company holds to prevent stockouts and ensure product availability, acting as a buffer against demand fluctuations.

Holding Cost

The expenses associated with keeping inventory in storage, including warehousing costs, insurance, depreciation, and potential obsolescence.

Standard Deviation

Standard deviation measures the amount of variation or dispersion of a set of values, indicating how much they deviate from the average.

Safety Inventories

Stocks of products or materials kept on hand to protect against uncertainties in supply or demand.