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A Firm Uses Trend Projection and Seasonal Factors to Simulate 0.6130.613

Question 23

Multiple Choice

A firm uses trend projection and seasonal factors to simulate sales for a given time period. It assigns "0" if sales fall, "1" if sales are steady, "2" if sales rise moderately, and "3" if sales rise a lot. The simulator generates the following output. 0102200123202022123122203002121
Estimate the probability that sales will rise at least moderately.


A) 0.6130.613
B) 0.5160.516
C) 0.5120.512
D) 0.4520.452

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