Describe the conceptual analysis process

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Suppose a retailer has two markets, 1 and 2. Demand 1 follows normal distribution with a mean 100 and a standard deviation of 12.4. Demand 2 follows a normal distribution with mean of 110 and standard deviation of 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.

Reference no: EM131743302

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