Suppose a retailer has two markets 1 and 2 demand 1 follows, Ask an Expert

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Suppose a retailer has two markets, 1 and 2. Demand 1 follows normal distribution with mean 100 and standard deviation 12.4. Demand 2 follows normal distribution with mean 110 and standard deviation 16.7 The retailer needs to know the mean and standard deviation of the difference between the two demands. Please describe the conceptual analysis process to find out these two parameters by using simulation.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93112124

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