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Solve the Problem 01022001232020221231222030021210102200123202022123122203002121 Estimate the Probability That Sales Will Rise at Least Moderately

Question 167

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


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

Correct Answer:

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