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A firm uses trend projection and seasonal factors to simulate sales for a given time period. It assigns O if sales fall, 1 if sales
A firm uses trend projection and seasonal factors to simulate sales for a given time period. It assigns "O" 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 1 0 0 2 1023 What is the probability that sales will fall? O 0.20 O 0.40 O 0.10 O 0.30
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