A retailer uses the order-up-to model to manage inventory of an item in a store. The lead time for replenishments is four weeks and it can place orders weekly. Weekly demand is Poisson with mean 0.10 unit. Its order-up-to level is five and unfilled demand is backordered. What is the coefficient of variation of its orders?

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.