Author Question: A firm uses trend projection and seasonal factors to simulate sales for a given time period. It ... (Read 111 times)

beccaep · **on:** Jul 25, 2018

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.
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.
A) 0.613 B) 0.516 C) 0.512 D) 0.452

Question 2

A student earned grades of B, B, A, C, and D. Those courses had these corresponding numbers of
credit hours: 4, 5, 1, 5, 4. The grading system assigns quality points to letter grades as follows:
A = 4, B = 3, C = 2, D = 1, and F = 0.

Compute the grade point average (GPA) and round the result
to two decimal places.
A) 9.00 B) 3.46 C) 2.37 D) 1.37