Answered step-by-stepStandard Deviation Adidas has decided to launch a product...
Standard Deviation
Adidas has decided to launch a product range of highly specialised sport shoes that are specially designed to cater to top athletes around the world. This product range will be launched to compete with Nike's Fly range of products.
The company has shortlisted two types of shoes, Product X and Product Y, one of which will be launched under this program. The cost-to-make as well as the market price of both types of shoes is exactly the same. The demand for both of them for the next year as determined by the forecasting team is given in the table provided below.
Shoe Type | Mean (Average) of Forecast Demand (in Number of Units) | Standard Deviation (in Number of Units) |
Product X | 2,00,000 | 10 |
Product Y | 2,00,000 | 50 |
According to you, which of the aforementioned products has less risk associated with its launch?
Product X
Product Y
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