A Firm Uses Trend Projection and Seasonal Factors to Simulate $0~1~0~2~2~0~0~2~3~2~0~2~0~2~2~1~2~3~1~2~2~2~0~3~0~0~2~1~2~1$

question 38

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.
$0~1~0~2~2~0~0~2~3~2~0~2~0~2~2~1~2~3~1~2~2~2~0~3~0~0~2~1~2~1$
Estimate the probability that sales will rise at least moderately.

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

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