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

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

Estimate the probability that sales will remain steady.

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

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Progress Report

A report that outlines for a customer or a client the status of a project.

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A written message used in business and government, typically for internal communication, to convey information or decisions.

Formal

Pertaining to or following established, traditional rules or principles, especially in a social or cultural setting.

Decoder

A device or program that translates encoded data into its original format; in communication, someone who interprets the message.