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How frequency distribution might be used to understand and improve inventory systems?
Wiki User
∙ 11y ago
Frequency distribution, helps us to understand the trends of data. If gives an idea about how data is spread. To graphically represent the data, a histogram is used.
In an inventory system, this measure helps in understanding the demand for different classes of items, based on which inventory ordering can be adjusted.
example: In in a shoe store, if the frequency distribution shows that, shoe of size 9 is sold maximum then the store can order more of size 9 shoes.
Wiki User
∙ 11y ago
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