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.
Estimate the probability that sales will rise at least moderately.
A) 0.452
B) 0.516
C) 0.613
D) 0.512
Correct Answer:
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