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

question 44

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

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Definitions:

Coaction Task

A type of group task where individuals work simultaneously and independently on the same task, often in each other's presence but without direct interaction.

Collective Task

A task designed to be completed by a group of individuals working together, requiring cooperative effort and coordination.

Wisdom of Crowd

The collective opinion of a group of individuals rather than that of a single expert, often leading to more accurate conclusions or predictions.

Averaging Judgments

The method of combining multiple opinions or estimates to produce a single, more reliable judgment, often used in decision-making processes.