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.
Estimate the probability that sales will rise at least moderately.
A. 0.452
B. 0.613
C. 0.516
D. 0.512
+5
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Home » Mathematics » 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.