Problem
A company has a distribution network with 24 warehouses to serve its customers in the United States. On average each warehouse carries 8,717 units of inventory. It is considering consolidating inventory into 12 warehouses. To estimate warehouse space requirements, the company wants to estimate the average inventory (in boxes) in each warehouse after consolidation. What will be the average inventory (in boxes) in a warehouse in the new system (after consolidation)? (Hint: consider the square root law). Enter your answer rounded to 2 decimal places.