Retail Organizations frequently leverage standard deviation measurements to inform a variety of business decisions. For example, financial planners often evaluate the standard deviation of a potential investment to determine its associated risk.

Researchthe practical applications of standard deviation in your discipline.

Providea relevant example from your discipline that demonstrates how standard deviation might be used to inform organizational processes or decisions. Be sure to include:

an applied example of an organizational process or decision that could be influenced by calculating the standard deviation;

And the data sources that would be used in the statistical measurement.

Explainhow you would justify the use of evidence to inform a new process or business decision to the stakeholder in your organization.