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. $$0102200123202022123122203002121$$ Estimate the probability that sales will rise at least moderately.
A) 0.516
B) 0.452
C) 0.613
D) 0.512

Question

Quizplus · Accepted Answer

The sequence has 31 numbers. Count the number of '2's and '3's (which indicate sales rising moderately or a lot): there are 16 such numbers. The probability is 16/31 = 0.516.

Solve the Problem 010220012320202212312220300212101022001232020221231222030021210102200123202022123122203002121 Estimate the Probability That Sales Will Rise at Least Moderately

Solve the Problem $0102200123202022123122203002121$ Estimate the Probability That Sales Will Rise at Least Moderately