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A Firm Uses Trend Projection and Seasonal Factors to Simulate 01022001232020221231222030021210102200123202022123122203002121

Question 41

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. 01022001232020221231222030021210102200123202022123122203002121 Estimate the probability that sales will rise at least moderately.


A) 0.613
B) 0.516
C) 0.512
D) 0.452

Correct Answer:

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