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Use @Risk simulation add-in to analyze the sweatshirt sales.Do this for normal distributions,where we assume that the regular demand is normally distributed with mean 10,000 and standard deviation 1500,and that the demand at the reduced price is normally distributed with mean 5,000 and standard deviation 1500.
Q
Generally denotes quantity in economic and mathematical models, referring to the amount of goods or services.
School of Thought
A particular philosophy or a specific way of thinking that is characteristic of a certain group or period.
Recession
A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
Velocity of Money
The rate at which money circulates in the economy, typically measured as the ratio of GDP to the national money supply.
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