An online sweepstakes has the following payoffs and probabilities. Each person is limited to one entry.
The probability of winning at least $1,000.00 is ________. [removed]
The following data summarizes the historical demand for a product.
Month
Actual Demand
March
20
April
25
May
40
June
35
July
30
August
45
Use exponential smoothing with α = .2 and the smoothed forecast for July is 32. Determine the smoothed forecast for August.
Daily highs in Sacramento for the past week (from least to most recent) were: 95, 102, 101, 96, 95, 90 and 92. Develop a forecast for today using a 2 day moving average.
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