Question: Bob's Fly catalog collected forecasts, sales, and demand data for 2 0 items in one category from its previous catalog. The data is provided below

Bob's Fly catalog collected forecasts, sales, and demand data for 20 items in one category from its previous catalog. The data is provided below in the table. A/F 135 Forecast 1005001502103604501902807532912070505202303902501704204803403105590280148 Sales Demand 262613551517524324332915015022422410410464644646520520240240429433275287187204462517528670374506341569480353932402701622010.260.270.340.360.680.730.790.800.870.910.921.001.041.111.151.201.231.401.491.8418.380.920.42 Total Average Standard Deviation For example, their forecast for the first item in the table was 100 units, but it unfortunately only sold 26 units. However, with the last item listed, they sold 341 units but could have sold 569 units if they had ordered enough inventory. For the next catalog, they have an item for which they forecast demand to be 400 units. Suppose they will use that forecast along with the data in the above table to choose a normal distribution to model demand for this product. What standard deviation should they choose?

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