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12 September, 22:34

A firm uses trend production and seasonal Factors to simulate cells for a given time period. It's 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 1 2 2 0 1 1 2 3 2 1 2 1 2 2 1 2 3 2 2 2 0 3 1 0 2 1 2 1

Estimate the probability that sales will rise at least moderately.

A. 0.452

B. 0.613

C. 0.516

D. 0.512

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Answers (1)
  1. 13 September, 00:21
    0
    At least moderately means that it will also include "sales rise a lot" So the probability is

    =16/30

    =8/15
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