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A Firm Uses Trend Projection and Seasonal Factors to Simulate 0112201123212122123122203102121\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 146

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. 0112201123212122123122203102121\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

Correct Answer:

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