Demand uncertaintyyou own two gas stations that have, Ask an Expert

Management Studies

Demand Uncertainty

You own two gas stations that have different levels of demand. Below are the gallons of gas each station has sold over the last 5 weeks.

Week	Good Hope Rd	Capitol Drive
12/1	7958	2265
12/8	8625	4299
12/15	12325	4523
12/22	12632	3305
12/29	9985	3165

a) Determine the average and standard deviation of demand for gas for each station. If you use Excel, be sure to use the STDEV() or STDEV.S() formula for standard deviation.

b) Calculate the coefficient of variation for each station and state which station has the most predictable demand.

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Marketing Management, Management Studies

Category:- Marketing Management
Reference No.:- M9790156

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