Discuss is this a reasonable model

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Reference no: EM131448031

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?

Reference no: EM131448031

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