How does the example mr kiersz gives about small businesses, Operation Management

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How does the example mr kiersz gives about small businesses

Problem

Read the article "Here's What Statisticians Mean By A Standard Deviation" by Andy Kiersz and answer the following questions.

• Briefly explain what the standard deviation is supposed to measure.

• How does the example Mr. Kiersz gives about the two small businesses illustrate the importance of knowing the standard deviation in addition to the average?

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Operation Management: How does the example mr kiersz gives about small businesses

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