Solved

A Firm Uses Trend Projection and Seasonal Factors to Simulate 0112001103210102123120203102101\begin{array}{llcc}0&1&1&2&0&0&1&1&0&3&2&1&0&1&0&2&1&2&3&1&2&0&2&0&3&1&0&2&1&0&1\end{array}

Question 101

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. 0112001103210102123120203102101\begin{array}{llcc}0&1&1&2&0&0&1&1&0&3&2&1&0&1&0&2&1&2&3&1&2&0&2&0&3&1&0&2&1&0&1\end{array}

Estimate the probability that sales will remain steady.


A) 0.412
B) 0.125
C) 0.419
D) 0.355

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions