Solve the Problem. -A Firm Uses Trend Projection and Seasonal Factors to Simulate

Multiple Choice

Solve the problem.
-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. 0 1 0 2 2 0 0 1 2 3 2 0 2 0 2 2 1 2 3 1 2 2 2 0 3 0 0 2 1 2 1 Estimate the probability that sales will rise moderately.

A) 0.419
B) 0.312
C) 0.452
D) 0.633