Question a friend of yours is an analyst and is considering, Ask an Expert

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Question: A friend of yours is an analyst and is considering a probability model to capture uncertainty in monthly demand of an item featuring high-volume sales. He argues that the central limit applies and, after a thorough check of data, proposes a normal distribution with expected value 12,000 and standard deviation 7000 items. Is this a reasonable model?

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Management Theories, Management Studies

Category:- Management Theories
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