Afirm 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. 0 1 0 2 2 0 0 1 2 3 2 0 2 0 2 2 1 2 3 1 2 2 2 0 3 0 0 2 1 2 1 estimate the probability that sales will rise at least moderately.

0.516

Explanation:

Given;

0 = sales fall

1 = sales are steady

2 = sales rise moderately

3 = sales rise a lot

Output generated : 0 1 0 2 2 0 0 1 2 3 2 0 2 0 2 2 1 2 3 1 2 2 2 0 3 0 0 2 1 2 1

Total number of outputs = 31

probability that sales will rise at least moderately

= P(sales rise moderately) + P(sales rise a lot)

= P(2) + P(3)

now,

The number of times 2 appeared in the output = 13

The number of times 3 appeared in the output = 3

probability that sales will rise at least moderately =

=

= 0.516

answer; /// i believe the correct answer is first in, first out(fifo); //

um sure