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2. (4 pts) Based on the information available, which of the following would be the most appropriate (i.e., normative) prediction for Patty's 2021 sales? Describe

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2. (4 pts) Based on the information available, which of the following would be the most appropriate (i.e., normative) prediction for Patty's 2021 sales? Describe your logic and show your work. (Hint: If you're having difculty here, you may want to consider the method sketched out in Ch 18 of Kahneman's book.) (a) $400,000 (b) $450,000 (0) $500,000 (d) $550,000 (6) $600,000 (0 $550,000 (g) $700,000 (h) $750,000 (i) $800,000 3. (3 pts) Suppose that the year-to-year correlation in sales was .2 rather than .5. How would this change the most appropriate prediction for Patty's 2021 sales; would the prediction increase, decrease, or stay the same (compared to the answer to question 2)? Calculate the most appropriate prediction for Patty's 2021 sales assuming a year-to year correlation of .2. Describe your logic and/or show your work

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