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In: Statistics and Probability

What does the mean and standard deviation mean in terms of expected sales?

What does the mean and standard deviation mean in terms of expected sales?

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Expert Solution

mean:  (interms of )

it is known as the normal estimations of offers or normal of offers. it is the focal estimation of a discrete

set of sales.specially the total of the qualities separated by the quantity of qualities.

standard deviation:l

the standard deviation is a measurement that estimates the dispresion of an informational collection (deals) relative to its mean and is determined as square of the fluctuation. in the event that the information points(sales) are the further from the mean at that point there is a higher deviation inside the dataset,thus progressively spread out the information, the higher the standard deviation.

orchestra answered 1 year ago
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