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 TOTAL demand. please describe the conceptual analysis process to find out these two parameters by using simulation

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To find out the mean and standard deviation of the total demand for both markets we can use simulation techniques Heres a conceptual analysis process ... View the full answer