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What are some statistical measures

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Reference no: EM132948954

Suppose that a new grocery store chain would want to know more about its inventories. Specifically, store management would like to determine which inventory items sell more than others, which inventory items require more floor space to place and display, and inventory arrival times from suppliers.

-What are some statistical measures that the company could use in their analysis? provide at least 3 statistical measures that could be used, such as stem-and-leaf plots, histograms, standard deviation, mean, etc.

-Are there any other inventory concerns that the company may want to consider? Remember that this is a generic grocery store (and a new one at that), so there may be some things they have not yet considered.

Reference no: EM132948954

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