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. B) 0.516 A) 0.613 C) 0.512= D) 0.452
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. B) 0.516 A) 0.613 C) 0.512= D) 0.452
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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Transcribed Image Text: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.
B) 0.516
A) 0.613
C) 0.512=
D) 0.452
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