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

question 113

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

Estimate the probability that sales will rise at least moderately.

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

---

Definitions:

Lewis Structure

A graphical representation of the valence electrons in molecules, showing how the atoms are bonded together and the lone pairs of electrons.

Orbital Diagram

A visual representation of the electron configuration of an atom or molecule, showing how electrons are distributed among orbitals.

Simplest Formula

A type of chemical formula that gives the smallest whole-number ratio of the component atoms. Compare with molecular formula and structural formula.

Chemical Reaction

A process that leads to the chemical transformation of one set of chemical substances to another.