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&q…

Question

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.

Answer 1

3

Explanation:

0+1=1-1+0+2=3-3+1+2+0-1=4