I received a finer appreciation of what my students endure on a daily basis today. I spent the day being trained on the software applications that the management teams at each store use. There is an application that helps with pricing, one for ordering, one for inventory management, and my first project is one that helps analyze gross profit. It was a lot of information to digest in a day, and I expect to see more tomorrow.
One thing that stood out to me as a statistics teacher, was how one particular application used means and variance to help forecast product movement. I stress the need to talk about the center and the spread of a distribution all of the time. Here is an example of where these concepts are put into practice.
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